8-K
filed June 16, 2023, 7:59 PM ET
ticker JELD
CIK 0001674335
debt
confidence high
sentiment neutral
materiality 0.10
JELD-WEN Holding, Inc. (JELD): debt financing — JELD-WEN amends credit facilities to replace LIBOR with Term SOFR as benchmark rate
JELD-WEN Holding, Inc.
- Amendment No. 7 to Revolving Credit Agreement (June 15, 2023) and Term Loan Credit Agreement (June 16, 2023) executed.
- LIBOR replaced by Term SOFR as the successor benchmark rate; all other material terms unchanged.
- Revolving credit facility aggregate commitments remain $500M; term loan facility terms untouched.
- Amendment is technical and conforming only; no change to borrowing capacity, covenants, or maturity.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
JELD-WEN Holding, Inc. amended revolving credit of Unchanged with Wells Fargo Bank, National Association, as administrative agent at Replaced London Interbank Offered Rate with Term SOFR as successor benchmark rat maturing Unchanged.
- Instrument
- revolving credit
- Principal
- Unchanged
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent
- Rate
- Replaced London Interbank Offered Rate with Term SOFR as successor benchmark rat
- Maturity
- Unchanged
- Event
- amendment
Exact text from the filing
The Credit Agreement Amendment replaces the London Interbank Offered Rate with Term SOFR (as defined in the Credit Agreement) as the successor benchmark rate and made certain other technical amendments and related conforming changes. All other material terms and conditions of the Credit Agreement were unchanged.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
JELD-WEN Holding, Inc. amended term loan of Unchanged with Bank of America, N.A., as administrative agent at Replaced London Interbank Offered Rate with Term SOFR as successor benchmark rat maturing Unchanged.
- Instrument
- term loan
- Principal
- Unchanged
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- Replaced London Interbank Offered Rate with Term SOFR as successor benchmark rat
- Maturity
- Unchanged
- Event
- amendment
Exact text from the filing
The Term Loan Amendment replaces the London Interbank Offered Rate with Term SOFR (as defined in the Term Loan Agreement) as the successor benchmark rate and made certain other technical amendments and related conforming changes. All other material terms and conditions of the Term Loan Agreement were unchanged.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JELD-WEN Holding, Inc. amended Term Loan Credit Agreement with Bank of America, N.A. valued at Amendment No. 7 to Term Loan Credit Agreement dated October 15, 2014, replacing LIBOR with Term SOFR (effective 2023-06-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- Amendment No. 7 to Term Loan Credit Agreement dated October 15, 2014, replacing LIBOR with Term SOFR
- Effective
- 2023-06-16
Exact text from the filing
On June 16, 2023, the Company, JW, Inc., and the other guarantors party thereto entered into an Amendment No. 7 (" Term Loan Amendment ") to its existing Term Loan Credit Agreement (" Term Loan Agreement "), dated as of October 15, 2014 (as amended by Amendment No. 1, dated as of July 1, 2015, Amendment No. 2, dated as of November 1, 2016, Amendment No. 3, dated as of March 7, 2017, Amendment No. 4, dated as of December 14, 2017, Amendment No. 5, dated as of September 20, 2019, and Amendment No. 6, dated as of July 28, 2021), by and among the Company, JW, Inc., the other guarantors party thereto, the lenders party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JELD-WEN Holding, Inc. amended Revolving Credit Agreement with Wells Fargo Bank, National Association valued at Amendment No. 7 to Revolving Credit Agreement dated October 15, 2014, replacing LIBOR with Term SOFR (effective 2023-06-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- Amendment No. 7 to Revolving Credit Agreement dated October 15, 2014, replacing LIBOR with Term SOFR
- Effective
- 2023-06-15
Exact text from the filing
On June 15, 2023, JELD-WEN Holding, Inc., a Delaware corporation (the " Company "), JELD-WEN, Inc., a wholly-owned subsidiary of the Company (" JW, Inc. "), JELD-WEN of Canada, Ltd., a wholly-owned subsidiary of the Company (" JW Canada "), and other borrowers and subsidiary guarantors party thereto entered into an Amendment No. 7 (" Credit Agreement Amendment ") to its existing Revolving Credit Agreement (" Credit Agreement "), dated as of October 15, 2014 (as amended by Amendment No. 1, dated as of July 1, 2015, Amendment No. 2, dated as of November 1, 2016, Amendment No. 3, dated as of December 14, 2017, Amendment No. 4, dated as of December 21, 2018, Amendment No. 5, dated as of December 31, 2019, and Amendment No. 6, dated as of July 28, 2021), by and among the Company, JW, Inc., JW Canada, the other borrowers and subsidiary guarantors party thereto, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto.
View on SEC.gov
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