debt
confidence high
sentiment neutral
materiality 0.55
JELD-WEN closes $350M 7.000% senior notes due 2032; proceeds to refinance 2025 notes and term loan
JELD-WEN Holding, Inc.
- Issued $350 million of 7.000% senior unsecured notes due September 1, 2032.
- Net proceeds to redeem all outstanding 4.625% Senior Notes due 2025 and partially repay term loan facility.
- Notes are guaranteed by JELD-WEN, Inc. and its domestic subsidiaries that guarantee the term loan.
- Redemption price before Sep 1, 2027 includes make-whole premium; thereafter call premium starts at 3.5%.
- Change of control repurchase right at 101% of principal if 90% or more of Notes are tendered.