Paul Hastings Advises on Financing Carlyle’s Acquisition of Acosta, Inc.

September 29, 2014

New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that the firm advised the debt financing providers in connection with the acquisition by certain affiliates of The Carlyle Group L.P. of Acosta, Inc., a full-service sales and marketing agency operating in the United States and Canada.

Paul Hastings LLP represented J.P. Morgan Securities LLC, Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc. and Barclays Bank PLC as joint lead arrangers and JPMorgan Chase Bank, N.A. as administrative agent in connection with a $2.065 billion senior secured term loan and a $225 million senior secured revolving credit facility for Acosta, Inc. and certain of its affiliates. Paul Hastings LLP also represented Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc. and Mizuho Securities USA Inc. as initial purchasers in connection with the Rule 144A/Reg S offering of $800 million aggregate principal amount of 7.750% Senior Notes Due 2022 by Anna Merger Sub, Inc., which was merged with and into Acosta Holdco, Inc. at closing. The proceeds of the senior secured credit facilities and the senior notes at closing were used to finance the acquisitions of Acosta, Inc. and affiliates thereof by certain affiliates of The Carlyle Group L.P.

Leveraged Finance partners John Cobb and Michael Chernick led the Paul Hastings team, which also included associates Joseph Fastiggi, Edward Holmes, Sun Kim, Tahira Prince, Molly Vaughan and Yian Huang.

Paul Hastings LLP is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.