Jostens $500 million eight-year notes price talk 7¾%-8%, to price Thursday

By Paul A. Harris

St. Louis, Sept. 22 - Jostens IH Corp.'s $500 million offering of eight-year senior subordinated notes (B3/B-) will have price talk of 7¾% to 8%, a syndicate source said Wednesday.

The deal is expected to price on Thursday.

Credit Suisse First Boston and Deutsche Bank Securities are joint bookrunners for the Rule 144A offering. Banc of America Securities is the co-manager.

The notes will come with four years of call protection.

Proceeds will be used to repay the company's $500 million bridge loan incurred to fund acquisitions, the merger and recapitalization of Jostens, Von Hoffmann, and AKI, including the tender for Jostens' 12¾% senior subordinated notes due 2010.

The issuer is a Minneapolis-based specialty printing and marketing services company.

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