Jostens Holding expected to price $150 million 10-year discount notes on Tuesday

By Paul A. Harris

St. Louis, Nov. 21 - Jostens Holding Corp. is expected to price $150 million of senior discount notes due 2013 (Caa2/B-) on Tuesday, according to market sources.

The deal will be marketed in an investor conference call Monday morning.

Credit Suisse First Boston and Deutsche Bank Securities are joint bookrunners on the Rule 144A/Regulation S offering.

Proceeds from the 10-year non-call-five notes will be used to purchase Jostens IH Corp.'s outstanding 8% senior redeemable preferred stock and to pay a dividend.

The Minneapolis-based company makes yearbooks, class rings, graduation products and awards.

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