Acosta expected to sell $800 million senior notes in September for LBO by Carlyle

By Paul A. Harris

Portland, Ore., Aug. 26 – Acosta Sales & Marketing is expected to bring an $800 million offering of senior notes to market in September, according to a market source.

Goldman Sachs & Co. will be the left bookrunner, with other syndicate names expected to be announced.

Proceeds, along with proceeds from a $2.29 billion credit facility, will be used to help fund the buyout of the company by Carlyle Group from Thomas H. Lee Partners LP.

Acosta is a Jacksonville, Fla.-based full-service sales and marketing agency in the consumer goods industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.