Acosta Sales to launch $2.29 billion credit facility on Monday

By Sara Rosenberg

New York, July 31 – Acosta Sales & Marketing is scheduled to hold a call on Monday to launch a $2.29 billion credit facility, according to a market source.

J.P. Morgan Securities LLC, Goldman Sachs and Morgan Stanley are leading the debt.

The facility consists of a $225 million five-year revolver and a $2,065,000,000 seven-year term loan, the source said.

Proceeds will be used to help fund the buyout of the company by the Carlyle Group from Thomas H. Lee Partners LP.

In connection with this transaction, GIC, which is an investor in Acosta, will re-invest in the company.

Closing is expected in the third quarter.

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

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