Shutterfly LLC paid a hefty price to refinance some of its risky debt after selling a $1.15 billion junk bond at a yield of 12.5% and offering a raft of investor-friendly changes to get the deal done.

The company acknowledged in bond documents that AI-enabled image creation and changing digital content consumption trends could affect demand.

Shutterfly (SFLY) is heading back to the junk-bond and leveraged-loan market as the Apollo-backed photo-sharing company tries to get ahead of a looming debt wall. The company is seeking $1.875 billion ...

How many photos do you have stored on your phone’s camera roll, where they barely see the light of day? I have thousands. I’ve been traveling the world for five years, and I have so many beautiful ...

Shutterfly tightened creditor terms on its $1.15 billion debt deal as investors weighed AI pressure and widening losses.

This article was paid for by Shutterfly. When you buy through our links, we earn a commission. Chrissy Callahan Contributing Reporter We may live in a digital world, but some things are better left ...

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Founded in 1999, Shutterfly has been in the online photo printing business the longest among all its DIY photo book competitors. It’s very popular, with millions of customers ordering photo books, ...

This article was created in partnership with Shutterfly to highlight the brand’s range of customizable gifts. Use code 10PERCENT to get an extra 10% off your order and new customers can take 44% off ...

Shutterfly is itself not an ESOP. It’s a sturdy 20-year-old public company based in Redwood City, California. In 2018 the digital photos powerhouse acquired the sprawling school-photos provider ...

Digital imaging company Shutterfly announced on Monday that it's agreed to be acquired by private equity firm Apollo Global Management, a deal valued at $2.7 billion. Apollo Funds will acquire all ...

Private equity firm Apollo Global Management LLC recently entered into an agreement to acquire U.S. digital imaging company Shutterfly, Inc (NASDAQ:SFLY) for $2.7 billion, including the company’s $900 ...