09.16.14
Vistaprint N.V., an online provider of marketing products and services to micro businesses and the home, has 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 CFO. “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.”
“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 CFO. “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.”