Acosta Sales & Marketing to launch term loan B repricing on Monday

By Sara Rosenberg

New York, Sept. 14 - Acosta Sales & Marketing will hold a conference call on Monday to launch a repricing of its term loan B to Libor plus 350 basis points from Libor plus 425 bps, according to a market source.

The 1.5% Libor floor will remain unchanged.

The repricing will not affect the company's existing incremental term loan, the source added.

Goldman Sachs & Co. is the lead bank on the deal.

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

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