Visant has proposed to re-price its outstanding senior secured term loan facility worth $1.25 billion. Other than pricing, the terms of the facility are expected to remain substantially the same.

The move will be affected by securing a new $1.25 billion senior secured term loan facility under the company’s existing senior secured credit facilities. The U.S. marketing and publishing services company will use the proceeds from the new term loan to repay the existing senior secured term loan facility in full and for general corporate purposes.

Click here for the release from PR Newswire.