JELD-WEN extends debt maturities to 2031, raises $135 million

Jeld-Wen Holding, Inc., a global designer, manufacturer, and distributor of interior and exterior doors, windows, and building products, has announced plans to extend the maturities of its near-term debt and raise $135 million in new financing. The company has entered into a commitment and consent letter with its lenders and noteholders, covering its 4.875% Senior Notes due 2027 and its 2028 Term Loans.

The new debt will mature in 2031, replacing the existing 2027 Notes and 2028 Term Loans. CEO William J. Christensen stated that addressing near-term maturities and strengthening the balance sheet have been key priorities for the company. The transactions are expected to be implemented in the coming weeks through exchange offers to the affected note and loan holders.

Jeld-Wen operates facilities in 14 countries across North America and Europe, employing around 13,900 associates. Legal counsel to the company is provided by Kirkland & Ellis LLP, while Evercore Group L.L.C. serves as the financial advisor.