Prudential Private Capital has maintained a dialogue with the management team at Madisa over several years. In late 2023, Madisa started discussions to refinance existing debt, as the Company was looking to diversify its investor base.
In April 2024, we provided $100 million of 10-year senior unsecured notes. The Company decided to partner with us given our: i) long-term capital solution, ii) certainty of execution, and iii) relationship-based approach.
We are proud to support Madisa through our investment and look forward to supporting the business over the long-term.
