Jeld-Wen strikes deal to extend 2027 notes, 2028 term loans to 2031 and raise $135 million
JELD•Jeld-Wen entered a commitment and consent letter to extend maturities on its 2027 notes and 2028 term loans to 2031 and raise $135 million in incremental liquidity.
1. Debt extension plan
The plan covers Jeld-Wen’s 4.875% senior notes due 2027 and 2028 term loans, with the term loans to be extended to 2031 through a refinancing or exchange. Support covers about 94.5% of the notes and 72.2% of the term loans; exchange offers are expected to launch in coming weeks.
