On May 17, 2021, Deluxe Corporation announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior unsecured notes due 2029 (the “ Notes”) to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act. The company intends to use the net proceeds from the Offering to fund a portion of the purchase price of its pending acquisition of FAPS Holdings Inc. The FAPS Acquisition is expected to close in the second quarter of 2021, subject to customary closing conditions.