Acosta begins marketing $800 million eight-year notes offering

By Paul A. Harris

Portland, Ore., Sept. 9 – Acosta Sales & Marketing Co. began to market an $800 million offering of eight-year senior notes (Caa1/CCC+) on Tuesday, according to a market source.

Goldman Sachs & Co. is the left bookrunner for the Rule 144A for life offering.

Other joint bookrunners include J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

Mizuho is a co-manager.

The notes come with three years of call protection.

Proceeds will be used to help fund the buyout of Acosta, a Jacksonville, Fla.-based provider of sales and marketing services to the consumer goods industry, by Carlyle Group from Thomas H. Lee Partners LP.

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