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| Prospect News home > News index > List of issuers A > Headlines for Acosta Sales & Marketing Co. > News item |
Acosta Sales ups spread on term loan repricing to Libor plus 325 bps
By Sara Rosenberg
New York, Oct. 1 - Acosta Sales & Marketing increased pricing on its term loan B to Libor plus 325 basis points from Libor plus 300 bps, according to a market source.
The B loan still has a 1% Libor floor and a par offer price.
Proceeds will be used to reprice an existing term loan B from Libor plus 350 bps with a 1.5% Libor floor.
Goldman Sachs Bank USA 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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