Acosta Completes Reorganization and Emerges From Chapter 11

Acosta eliminated all of its long-term debt, about $3b.

• New investors funded $325m in new equity capital
• Reorganized company’s largest shareholders include funds associated with Elliott Management, Oaktree Capital, Davidson Kempner and Nexus Capital
• NOTE: Dec. 2, Carlyle’s Acosta Files Bankruptcy as Marketing Budgets Wane

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