American Achievement launches term loan repricing

By Sara Rosenberg

New York, April 24 - American Achievement Corp. launched a repricing of its term loan bank debt on Monday under which the company has proposed to lower the spread to Libor plus 175 basis points from Libor plus 225 bps, according to a market source.

Goldman Sachs is the lead bank on the deal.

American Achievement is an Austin, Texas, manufacturer and supplier of class rings, yearbooks, graduation products, achievement products and recognition and affinity jewelry.

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