Goodman Global to launch $2.025 billion credit facility on Thursday

By Sara Rosenberg

New York, Oct. 6 - Goodman Global Group Inc. is scheduled to hold a conference call on Thursday to launch its proposed $2.025 billion secured credit facility, according to a market source.

JPMorgan is the left lead bank on the deal.

The facility consists of a $250 million revolver, a $1.4 billion first-lien term loan and a $375 million second-lien term loan, the source said.

Proceeds will be used to repay substantially all of the company's outstanding debt, to fund a distribution to equityholders and for other general corporate purposes.

Goodman is a Houston-based manufacturer of heating, ventilation and air conditioning products for residential and light commercial use.

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