JELD-WEN Announces Exchange Offer and Consent Solicitation for 4.875% Senior Notes Due 2027
JELD-WEN Holding, Inc. (NYSE: JELD) has officially commenced an exchange offer and consent solicitation regarding its outstanding 4.875% senior notes due 2027. The company aims to exchange these existing notes for new first lien senior secured notes maturing in 2031. Additionally, the company is launching a 'New Money Offer' allowing participants to purchase up to $410.2 million in aggregate principal amount of these new notes. The terms of the exchange vary based on participation: holders who participate in the New Money Offer or provide backstop commitments can receive a 1:1 principal exchange for early tenders, while other participants may receive lower consideration amounts ($880 to $930 per $1,000). This move is designed to restructure the company's debt profile and secure additional liquidity through new secured financing.
Tickers: $JELD
Topics: bond offering capital structure debt exchange senior notes
Read the full article at PR Newswire
Part of the story JELD-WEN Announces Exchange Offer and Consent Solicitation for 4.875% Senior Notes Due 2027 (2 articles)