Visant to launch $750 million offering of seven-year notes next week

By Paul A. Harris

St. Louis, Sept. 7 - Visant Holding Corp. and Visant Corp. are expected to launch their announced $750 million offering of seven-year senior notes during the Sept. 13 week, according to a market source.

Goldman Sachs & Co. and Credit Suisse will lead the deal.

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 financing also includes a $1.425 billion credit facility.

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

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