Madison Air Announces $2.250 Billion Private Placement
MAIR•Private placement terms and acquisition funding
Aug. 25 (Reuters) - Madison Air Solutions Corp MAIR.N:
- Madison Air announces $2.250 billion private placement.
- Madison Air Solutions Corp. will sell 90,108,130 shares at $24.97 per share in the private placement.
- Net proceeds will fully fund the equity portion of a $5 billion acquisition of ebm-papst entities.
- Larry Gies will purchase $300 million of Class A common stock in the private placement.
