Visant sets Wednesday bank meeting for $1.425 billion credit facility

By Paul A. Harris

St. Louis, Sept. 7 - Visant Holding Corp. and Visant Corp. will hold a bank meeting on Wednesday morning for a $1.425 billion credit facility, according to a market source.

Credit Suisse and Goldman Sachs are leading the deal, which includes a $1.25 billion term loan and a $175 million revolving credit facility.

Proceeds will be used to help fund the tender offers for Visant's 10¼% senior discount notes due 2013, its 8¾% senior notes due 2013 and its 7 5/8% senior subordinated notes due 2012 and to repay bank debt.

The refinancing also includes $750 million of new notes.

Visant is an Armonk, N.Y.-based marketing and publishing services enterprise.

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