Cases & Deals

American Greetings issues $225 million aggregate principal amount of 7.375% Senior Notes in public offering

Clients American Greetings Corporation

Jones Day advised American Greetings Corporation, a greeting card and social expression products company, in connection with its issuance of $225 million aggregate principal amount of 7.375% Senior Notes due 2021 in a public offering, underwritten by J.P. Morgan Securities LLC, BofA Merrill Lynch, KeyBanc Capital Markets Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., Mitsubishi UFJ Securities (USA), Inc., and RBS Securities Inc.

American Greetings Corporation will use the net proceeds from the offering, together with cash on hand, to repurchase all of its outstanding 7.375% Senior Notes due 2016 and 7.375% Notes due 2016.