The transaction was financed with approx. USD 1.3 billion equity contribution (47%) and USD 1.4 billion funded debt. The debt financing was arranged and underwritten by a consortium comprised of Calyon, Barclays, GECC, Farallon Capital and GSO Capital: Calyon underwrote USD 310 million of the USD 1.1 billion Senior Secured Credit Facilities along with Barclays, GECC and GSO. The Senior Secured debt financing consisted of a USD 300 million Asset-Based Revolver and USD 800 million Term Loan B Facility.
Calyon was Joint lead arranger and Joint bookrunner to the Senior Secured Term Loan Facility and Joint bookrunner to the Asset-Based Facility.
Goodman is the n°1 selling individual brand and n°2 overall domestic manufacturer (based on aggregate unit sales) of heating, ventilation and air conditioning (HVAC) products for residential and light commercial use in North America.