Goodman Global looks to reprice term loan in connection with IPO

By Sara Rosenberg

New York, March 2 - Goodman Global Inc. is scheduled to hold a conference call on Friday to launch a repricing amendment to lenders that would lower the spread on its institutional term loan to Libor plus 175 basis points from Libor plus 225 bps, according to a market source.

JPMorgan is the lead bank on the deal.

The company is looking to reprice the term loan in connection with its initial public offering that will be used in part to repay some of the term debt.

Goodman is a Houston-based manufacturer of heating, ventilation and air conditioning products.

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