Jarden Corporation closed a public offering of stock Wednesday that will yield at least $475 million in cash it intends to use to pay for its recently announced acquisition of Jostens Inc.

The company offered 10 million shares of its common stock at $49.00 per share and has granted an option to underwriters to purchase up to an additional 1.5 million shares of common stock over the next 30 days.

After deducting underwriting discounts and commissions and other estimated offering expenses, the net proceeds of the offering were approximately $475.3 million. Jarden expects to use the net proceeds of the offering to fund a portion of the purchase price and related fees and expenses for the recently announced acquisition of Visant Holding Corp., the parent company of Jostens Inc.

If the acquisition of Jostens is not completed, Jarden intends to use the net proceeds from the offering for general corporate purposes.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC acted as lead book-running managers for the offering.  RBC Capital Markets, LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.

Jarden's Outdoor Solutions segment owns one of the world's largest portfolio's of sporting goods brands, including Coleman, ExOfficio,  K2,  Marmot,  Rawlings and nearly a dozen fishing tackle brands.