NEW YORK (Standard&Poor's) April 13, 2007--Standard&Poor's Ratings Services today assigned its 'B-' rating to Clarke American Corp.'s $615 million (total) of fixed and floating-rate senior unsecured notes due 2015. The notes will be privately placed with registration rights under Rule 144A, and will be guaranteed by each of Clarke's current and future domestic subsidiaries. The notes, along with Clarke's $1.9 billion senior secured credit facility, will be used to finance the $1.7 billion acquisition of John H. Harland Company (Harland), and to refinance existing debt at Clarke. On March 28, 2007, Harland shareholders approved the deal, and on April 4, 2007, Clarke received notice of an early termination of the waiting period under the Hart-Scott Rodino
