Goldman, Sachs & Co. and Fleet Financial Corp. launched a $167 million leveraged loan package Tuesday backing the acquisition and refinancing of Amscan Holdings Inc. by Goldman's merchant banking unit.

The deal would give the Goldman unit-GS Capital Partners II, LP-an ownership stake of more than 80% in Amscan, according to a source familiar with the transaction. Amscan, based in Elmsford, N.Y., makes and sells party supplies. The transaction is expected to close Dec. 19.

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