Baker McKenzie Switzerland AG served as local Swiss counsel for Cimpress plc (Nasdaq: CMPR) on its private offering of USD 525 million in aggregate principal amount of 7.375% senior notes due 2032 and the amendment of its existing credit agreement to, among other things, extend the maturity of the revolving credit facility and amend the interest rate applicable to any loans under its revolving credit facility.
Cimpress used the net proceeds of the offering, together with cash on hand, to fund the redemption of all of its 7.0% senior notes due 2026 and to pay all fees and expenses related to the offering and the credit agreement amendment.
Baker McKenzie Switzerland AG advised Cimpress plc on all Swiss law aspects of this transaction. The Baker McKenzie team was led by Markus Wolf (Banking & Finance partner, Zurich) and consisted of Jan Lusti (Transactions associate, Zurich), Andrea Bolliger (Tax counsel, Zurich), Sammy Guidoum (Banking & Finance associate, Zurich) and Fabienne Bretscher (Disputes associate, Zurich).
