GE, Wachovia Ready Acosta Add-On

A bank meeting is scheduled for tomorrow to launch a $200 million add-on "B" loan for Acosta Sales Co. Proceeds will be used to pay a $200 million dividend.

  • 09 Jul 2004
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A bank meeting is scheduled for tomorrow to launch a $200 million add-on "B" loan for Acosta Sales Co. Proceeds will be used to pay a $200 million dividend. GE Capital and Wachovia Securities are leading the "B" loan. GE is the agent on the company's existing $80 million revolver.

Management owns 52% of the company, while Chartwell Capital and Berkshire Partners own 48%. Acosta provides sales and marketing services to consumer products manufacturers. Chartwell officials; Josh Lutzker, a principal at Berkshire; and Gregory Delaney, Acosta's cfo, did not return calls. GE and Wachovia bankers either declined comment or did not return calls.

 

  • 09 Jul 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%