Harland Clarke postpones $295 million offering of seven-year notes

By Paul A. Harris

Portland, Ore., May 18 - Harland Clarke Holdings Corp. postponed its $295 million offering of seven-year senior secured notes due to market conditions, according to a document that the company filed on Friday with the Securities and Exchange Commission.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Jefferies & Co. Inc., UBS Securities and Natixis were the joint bookrunners.

Proceeds had been earmarked to repay debt.

Harland Clarke is a San Antonio-based provider of integrated payment, marketing and security services and retail products.

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