Cornerstone Building Brands Announces Completion of Debt Refinancing and Repayment of its $645 million, 8.00% Senior Notes
Cornerstone Building Brands, Inc. (NYSE: CNR) (the “Company”), the largest manufacturer of exterior building products in North America, today announced that it has fully redeemed its
“We are incredibly pleased with the execution and support of our refinancing transactions,” said Jeff Lee, Executive Vice President and Chief Financial Officer. “We have refinanced all of our credit facilities, meaningfully extending our debt maturities, while maintaining our covenant-lite structure. Using available cash from the balance sheet and proceeds from the upsized term loan, we fully redeemed the
The redemption price for the Notes was at
About Cornerstone Building Brands
Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, North Carolina, the organization serves residential and commercial customers across new construction and repair and remodel markets. As the #1 manufacturer of vinyl windows, vinyl siding, insulated metal panels, metal roofing and wall systems and metal accessories, Cornerstone Building Brands combines an expansive portfolio of strong brands and quality products with a broad multi-channel distribution platform that includes approximately 20,500 employees at manufacturing, distribution and branch office locations throughout North America. At Cornerstone Building Brands, corporate stewardship is a responsibility that is deeply embedded in our over 75-year history. We are committed to our purpose of contributing positively to the communities where we live, work and play. For more information, visit us at www.cornerstonebuildingbrands.com.
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