Schurman Fine Papers, Inc. operates as a specialty retailer of personal expression and gift products in North America. The company offers greeting cards; stationary products, including boxed note cards, boxed thank you notes, envelopes, flat cards, stationery gift sets, correspondence cards, postcards, writing sheets, fill-in invitations, print at home invitations, labels and seals, scrapbooking, notepads and sticky notes, writing instruments, and place cards; and wraps and bags, such as wrapping paper, gift bags, treat bags and boxes, tissue paper, ribbon and bows, gift tags and toppers, and labels and seals. It also provides gift products, including father's day gifts, graduation gifts, gi...
500 Chadbourne Road
Fairfield, CA 94533
Founded in 1950
American Greetings Corp. Announces First Amendment to Schurman Fine Papers Revolving Credit Facility
Jan 28 13
On January 22, 2013, American Greetings Corp. entered into the First Amendment to Limited Guaranty with Wells Fargo Bank, National Association, as successor by merger to Wells Fargo Retail Finance, LLC. Pursuant to the Guaranty, the Corporation had previously guaranteed the repayment of up to $12 million of borrowings by Schurman Fine Papers under Schurman's senior revolving credit facility. The Amendment reduces the amount the Corporation guarantees from $12 million to $10 million of Schurman's borrowings, and extends the term of the Guaranty from January 1, 2014 to July 18, 2016. The Corporation's obligations under the Guaranty continue to be triggered generally only once Schurman's lenders under its senior revolving credit facility have substantially completed the liquidation of the collateral thereunder, or 91 days after the liquidation is started, whichever is earlier, and will be limited to the deficiency, if any, between the amount owed and the amount collected in connection with the liquidation. The Guaranty continues to be backed by a letter of credit for the term of the Guaranty.