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 Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%