Acasta Enterprises pays down credit facility debt using sale proceeds

By Tali Rackner

Minneapolis, June 1 – Acasta Enterprises Inc. repaid about C$77.3 million ($59 million) under its $150 million credit facility using the net proceeds from its sale of JemPak Corp. to a wholly owned subsidiary of Henkel AG & Co. KGaA, according to a press release.

The paydown leaves only about $10 million in debt to WFI Inc., an entity controlled by Charles and Richard Wachsberg.

Toronto-based Acasta is a special purpose acquisition corporation.

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