AAON-BasX deal terms: $100M upfront plus up to $80M earn-out

The AAON/BasX transaction carries a $100M upfront payment plus up to $80M in earn-out payments tied to milestones through 2023, funded through cash, revolving credit borrowings and equity.

“The transaction terms require an upfront payment of $100 million, subject to customary adjustments. Additional payments valued at up to $80 million are subject to earn-out milestones that extend through 2023.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.