Deluxe begins a shareholder change process

The company assures that it will continue to manage its day-to-day operations with complete normality, and therefore it will not have any type of impact on its employees, its clients or its suppliers.

Deluxe Entertainment Services Group announced last September a refinancing agreement which, once completed, will reduce debt in the long term by more than half while it will have 115 million dollars additional financing to support the company's operations.

From Deluxe they assure that more than a bankruptcy process, it is a share transaction. This exchange of debt-for-equity previously agreed with the different parties involved in the transaction, it will be carried out during this month and is expected to be completed on October 24.

Deluxe assures that it will continue managing your day-to-day operations with complete normality, and therefore it will not have any type of impact on its employees, its clients or its suppliers.

Additionally, the new owners have secured a line of financing as a show of support during this period.

Ramon Martos, general director of Deluxe Spain, states that "this process is truly a milestone to position the company in an unbeatable place as soon as it is completed, since it will allow us to have resources to be able to invest in better solutions for our clients instead of servicing debt."

“Our business in Spain is at its strongest in the last ten years and we have a remarkable future ahead of us helping our clients and users make their content shine brighter than ever,” concludes Martos.