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home / news releases / APO - Cimpress: The Debt Refinancing Is A Major Step Forward

APO - Cimpress: The Debt Refinancing Is A Major Step Forward

Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
  • Cimpress has retired its 12% debt and replaced it with a term loan with a current cost of debt of about 4%.
  • Cimpress reported a net loss in the first nine months of the year, but it generated in excess of $100M in free cash flow.
  • I still don't have a long position in Cimpress, but the debt refinancing increases my confidence in the company.

For further details see:

Cimpress: The Debt Refinancing Is A Major Step Forward
Stock Information
Company Name: Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
Stock Symbol: APO
Market: NYSE
Website: apollo.com
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