| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for American Greetings Corp. > News item |
American Greetings starts roadshow for $375 million eight-year notes, plans debt refinancing
By Paul A. Harris
Portland, Ore., Jan. 30 – American Greetings Corp. started a roadshow on Monday for a $375 million offering of eight-year senior notes, according to a market source.
The deal is expected to price on Thursday.
BofA Merrill Lynch, KeyBanc Capital Markets, PNC Capital Markets, Citizens Bank, Wells Fargo Securities LLC, J.P. Morgan Securities LLC and BBVA are managing the sale.
The notes come with three years of call protection.
Proceeds will be used to fund tender offers for the American Greetings 7 3/8% senior notes due 2021 and the Century Intermediate Holding Co. 9¾%/10½% senior PIK toggle notes due 2019.
American Greetings is a Cleveland-based creator and manufacturer of innovative social expression products.
Century Intermediate Holding is the indirect parent holding company of American Greetings.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.