Advantage Sales & Marketing, the provider of sales, marketing and merchandising services bought by Apax Partners, may reduce borrowing costs on $1.225 billion of loans, Bloomberg reports. The California-based company borrowed the loans in December for the acquisition.

Re-pricing of the $875 million first-lien term loan due in December 2017 and the $350 million second-lien debt maturing May 2018 will be arranged by Credit Suisse. Advantage Sales will offer first-lien lenders an interest rate of 3.25 percentage points, while the second-lien lenders will be offered a spread of 7.25 percentage points.

Click here for the story from Bloomberg.