American Greetings (AM +1.5%) gains after announcing plans to sell $225M of senior notes in a...

|About: American Greetings Corporation (AM-OLD)|By:, SA News Editor

American Greetings (AM +1.5%) gains after announcing plans to sell $225M of senior notes in a secondary offering. The company intends to use the proceeds to fund a cash tender offer for about $255M of higher interest debt.