Clarke American to start roadshow Monday for $615 million eight-year notes

By Paul A. Harris

St. Louis, April 12 - Clarke American Corp. will begin a roadshow on Monday for its $615 million two-part offering of eight-year senior notes (Caa1), according to market sources.

The San Antonio-based financial products and services company is offering floating-rate notes, which will come with two years of call protection, and fixed-rate notes that will come with four years of call protection.

Pricing is expected late in the April 23 week.

Credit Suisse, Bear Stearns & Co., Citigroup and JP Morgan are joint bookrunners for the Rule 144A and Regulation S offering, which is part of the financing for, and is conditioned upon the completion of, the proposed acquisition of John H. Harland Co. by M & F Worldwide Corp., Clarke American's parent company.

Clarke American provides checks and related products, direct marketing and contact center services to financial and commercial institutions as well as individual consumers and small businesses.

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