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Madison Safety & Flow to launch $1.2 billion of term loans on Tuesday
By Sara Rosenberg
New York, Nov. 29 – Madison Safety & Flow is set to hold a lender call at 11 a.m. ET on Tuesday to launch $1.2 billion of term loans, according to a market source.
Goldman Sachs Bank USA is the left lead arranger on the deal.
The debt consists of a $925 million first-lien term loan and a $275 million second-lien term loan, the source said.
Proceeds will be used to fund the acquisition of Safe Fleet, refinance Madison Safety’s existing debt, and pay transaction related fees, expenses and original issue discount.
Madison Industries is the sponsor.
Madison Safety is a manufacturer of safety products and systems utilized by fire departments, first responders, rescue teams, municipalities, essential service providers and diversified industrial markets. Safe Fleet is a manufacturer of safety and productivity products for fleet vehicles and first responders.
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