American Achievement Offering Senior Notes

American Achievement, a portfolio company of Fenway Partners since an LBO in 2004, is planning to raise $365 million of debt financing through an offering of senior secured notes due 2016. The company intends to use the proceeds to help repay its existing senior secured credit facility, redeem, repurchase or discharge outstanding senior notes and redeem or repurchase series A preferred stock. American Achievement provides class rings, yearbooks, graduation products, achievement publications and recognition and affinity jewelry.