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Mad Engine readies launch of $250 million term loan for Monday
By Sara Rosenberg
New York, June 18 – Mad Engine Global LLC is scheduled to hold a lender call at 11 a.m. ET on Monday to launch a $250 million six-year covenant-lite first-lien term loan, according to a market source.
Deutsche Bank Securities Inc., Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are the bookrunners on the deal.
Proceeds will be used to help fund the acquisition of Fifth Sun from company founder Dan Gonzales, according to a news release.
Mad Engine, a Platinum Equity portfolio company, is a San Diego-based apparel and accessories company. Fifth Sun is a Chico, Calif.-based supplier of licensed, non-licensed and private label apparel.
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