VENLO, the Netherlands--(BUSINESS WIRE)--Sep. 12, 2014--
Vistaprint N.V. (Nasdaq: VPRT), a leading online provider of
professional marketing products and services to micro businesses and the
home, today announced that due to current market conditions, it has
postponed its planned private offering of $250 million in senior notes,
which it had previously announced on September 8, 2014.
“While we are interested in adding to and diversifying our capital
structure in order to maintain long-term flexibility, we can afford to
be patient, as this offering was opportunistic in nature,” said Ernst
Teunissen, executive vice president and chief financial officer. “Given
current volatility in debt markets, we prefer to postpone our offering
at this time. We will potentially revisit an offering in the future if
market conditions become more favorable.”
This press release is neither an offer to sell nor the solicitation of
an offer to buy the notes or any security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About Vistaprint
Vistaprint N.V. (Nasdaq: VPRT) empowers more than 16 million micro
businesses and consumers annually with affordable, professional options
to make an impression. With a unique business model supported by
proprietary technologies, high-volume production facilities, and direct
marketing expertise, Vistaprint offers a wide variety of products and
services that micro businesses can use to expand their business. A
global company, Vistaprint employs over 5,100 people, operates more than
30 localized websites globally and ships to more than 130 countries
around the world. Vistaprint’s broad range of products and services are
easy to access online, 24 hours a day at www.vistaprint.com.
Vistaprint and the Vistaprint logo are trademarks of Vistaprint N.V. or
its subsidiaries. All other brand and product names appearing on this
announcement may be trademarks or registered trademarks of their
respective holders.
Some of the statements in this press release are “forward-looking” and
are made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These “forward-looking” statements
include statements relating to, among other things, the Company’s
intentions with respect its future capital structure. These statements
involve risks and uncertainties that may cause results to differ
materially from the statements set forth in this press release,
including market conditions and the risks and uncertainties referenced
from time to time in the Company’s filings with the Securities and
Exchange Commission. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to such
statements to reflect any change in its expectations with regard thereto
or any changes in the events, conditions or circumstances on which any
such statement is based.
Source: Vistaprint N.V.
Vistaprint N.V.
Investor Relations:
Meredith
Burns, +1-781-652-6480
ir@vistaprint.com
or
Media
Relations:
Sara Nash, +1-781-652-6444
publicrelations@vistaprint.com