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.
For comments and feedback: editorial@rttnews.com