Deluxe Corporation completed acquisition of Celero and entered into $1.2 billion senior secured credit refinancing to finance the transaction

Key Facts

Mergers and acquisitions

• The Company announced the closing of the Transaction on July 31, 2026.
• The transaction was the Celero acquisition, with integration and realization of expected synergies identified as material considerations.

Debt and credit facilities

• Interest is payable at the Company's option at an alternate base rate-based rate or Term SOFR plus applicable margins; the initial Term SOFR margin is 2.00%.
• Revolving loans may be borrowed, repaid and re-borrowed through July 31, 2031, when all borrowed amounts must be repaid.
• The facilities are guaranteed by Deluxe and certain domestic subsidiaries and secured by substantially all assets of the Company and guarantors, subject to stated exceptions.
• Term loan proceeds and a revolving facility draw financed the Celero acquisition and related fees, costs and expenses.

Source

View the source SEC filing