American Achievement $85 million eight-year discount notes talked to yield 10%-10¼%, to price Wednesday

By Paul A. Harris

St. Louis, Nov. 9 - Price talk on AAC Group Holding Corp.'s (American Achievement Corp.) $85 million proceeds quick-to-market offering of eight-year senior discount notes is 10% to 10¼%, according to an informed source.

Pricing is expected on Wednesday afternoon.

Goldman Sachs & Co. is the bookrunner for the Rule 144A/Regulation S offering.

Proceeds will be distributed to the stockholders of AAC Group Holding Corp. and will also be used to repurchase a portion of the outstanding common stock.

American Achievement is an Austin, Texas-based scholastic products company.

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