December 21, 2014 5:08 AM ET

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Company Overview of American Greetings Corp.

Company Overview

American Greetings Corporation designs, manufactures, and sells everyday and seasonal greeting cards and other social expression products in the United States and internationally. It operates through North American Social Expression Products, International Social Expression Products, Retail Operations, and AG Interactive segments. The company offers greeting cards, gift packaging, party goods, giftware, stationery, and gift wrap and boxed cards, as well as custom in-store display fixtures. It also creates and licenses its intellectual properties, including the Care Bears and Strawberry Shortcake characters; and distributes social expression products comprising electronic greetings, and a ran...

One American Road

Cleveland, OH 44144

United States

Founded in 1906

7,200 Employees

Phone:

216-252-7300

Fax:

216-252-6778

Key Executives for American Greetings Corp.

Co-Chief Executive Officer
Age: 50
Co-Chief Executive Officer
Age: 47
President
Age: 54
Chief Financial Officer
Age: 41
President of AG Properties and Chief Creative Officer of AG Properties
Compensation as of Fiscal Year 2014.

American Greetings Corp. Key Developments

American Greetings Corp., Q2 2015 Fixed Income Call, Oct 23, 2014

American Greetings Corp., Q2 2015 Fixed Income Call, Oct 23, 2014

American Greetings Corporation and Century Intermediate Holding Company Enter into Third Amendment to Credit Agreement

On September 5, 2014, American Greetings Corporation, Century Intermediate Holding Company and certain wholly-owned domestic direct and indirect subsidiaries of the company entered into the Third Amendment to Credit Agreement (the Amendment), which amends the Credit Agreement dated as of August 9, 2013 (as previously amended, the Credit Agreement), among the Company, Holdings, the lenders party thereto (the Lenders), PNC Bank, National Association, as the revolver agent and the collateral agent, and Bank of America, N.A., as the global administrative agent. The Amendment modifies the Credit Agreement to, among other things: (i) reduce the interest rate applicable to revolving loans by 50 basis points and the interest rate applicable to the term loan by 75 basis points, (ii) remove the LIBOR floor, (iii) reduce the commitment fee applicable to unused revolving commitments by 12.5 basis points and (iv) reset the general restricted payment basket to $35,000,000.

American Greetings Appoints John Beeder to its Board of Directors

American Greetings announced that John Beeder has joined its board of directors. John Beeder is currently American Greeting's President and Chief Operating Officer. Beeder joined the Company six years ago as Senior Vice President, Executive Sales and Marketing Officer. Beeder has over 30 years in the greeting card industry having held executive management positions in marketing, product development, supply chain, finance and new business development. Immediately prior to joining American Greetings, he served as managing partner and chief operating officer of Compact Clinicals, a medical publisher in Kansas City.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 21, 2014
A.G. Industries, Inc.
 

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