JELD-WEN Holding, Inc. (JELD): M&A transaction — JELD-WEN completes Australasia sale for $446M net proceeds; redeems $450M in senior notes

JELD-WEN Holding, Inc.

Net cash proceeds of ~$446M from sale of Australasia business to Platinum Equity.
Plans to use proceeds to repay debt; issued redemption notice for $250M 6.250% Senior Secured Notes and $200M 4.625% Senior Notes.
Excluding Australasia, 2022 pro forma net revenue was $4.5B (72% North America, 28% Europe).
Pro forma financials show Australasia as discontinued operations; net income impact removed.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

JELD-WEN Holding, Inc. completed a disposition involving Aristotle Holding III Pty Limited for approximately $446 million (closed 2023-07-02).

Action: disposition
Counterparty: Aristotle Holding III Pty Limited
Consideration: approximately $446 million
Closing: 2023-07-02

Exact text from the filing

a subsidiary, all of the assets and operations of the Company’s Australasia business (the “ Disposal Transaction ”) . The Company received net cash proceeds of approximately $446 million from the Disposal Transaction. The foregoing description of the Sale Agreement and the Disposal Transaction does not purport to be complete and is qualified in its entirety by

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JELD-WEN Holding, Inc. filing history →

Source: SEC EDGAR

accession 0001674335-23-000137

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