Jarden Corp. (JAH) announced the completion of its acquisition of Yankee Candle Investments LLC from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for about $1.75 billion in cash, subject to final working capital and other adjustments.
Pro forma for the transaction, Jarden would have had net sales and adjusted EBITDA of approximately $7.7 billion and $1.0 billion, respectively, for the twelve months ended June 30, 2013.
Jarden also said that it closed on its incremental $750 million senior secured term loan B-1 facility, which matures in 2020. The company funded the transaction with the proceeds from its recently completed common stock offering, proceeds from the aforementioned term loan, and cash on hand.
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