Carlyle’s Acosta Plans Bankruptcy as Creditors Take Ownership

Acosta Inc., the marketing firm owned by Carlyle Group LP, is planning to file for bankruptcy after reaching a deal that will wipe out its debt and give ownership to its creditors.

Lenders and bondholders with more than 70% of its loans and more than 80% of its notes have signed on to a reorganization and recapitalization, according to a person familiar with the matter. Investors have committed $250 million in new equity capital, the person said, asking for anonymity to discuss the private matter.

All of Acosta’s bank and bond debt would be swapped into equity, and ...