CHARLOTTE, N.C. , Aug.
8, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. ("JELD-WEN") (NYSE: JELD ) today announced that it has priced its previously announced offering of $350 million of 7.00% senior unsecured notes due 2032 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").
Net proceeds from the offering will be used to fund the (i) redemption of all of the outstanding 4.625% Senior Notes due 2025 previously issued by JELD-WEN, Inc., the main operating subsidiary of JELD-WEN ("JWI"), and (ii) partial repayment of outstanding borrowings under JWI's term loan facility.
The offering is expected to close on August 22, 2024, subject to customary closing conditions. The Notes will be guaranteed by JWI and by each of JWI's domestic subsidiaries that guarantee indebtedness under JWI's term loan facility. The Notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to certain non-U.
S. persons in transactions outside of the United States in reliance on Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or the securities laws of any state or jurisdiction.
The Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or the.