Madison IAQ readies launch of $715 million term loan for Tuesday

By Sara Rosenberg

New York, July 12 – Madison IAQ is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a $715 million incremental first-lien term loan, according to a market source.

Goldman Sachs Bank USA is the bookrunner on the deal.

Proceeds will be used with $75 million of cash from the balance sheet and $320 million of new equity from Madison Industries to fund the acquisition of Big Ass Fans.

Madison IAQ is a provider of indoor air quality solutions. Big Ass Fans is a Lexington, Ky.-based producer of high volume, low speed and connected fans.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.