JELD-WEN Announces Closing of $350 Million Senior Notes Offering
JELD-WEN Holding, Inc. (NYSE: JELD) has successfully completed a $350 million senior unsecured notes offering with a 7.000% interest rate, maturing on September 1, 2032. The notes, guaranteed by JELD-WEN, Inc. and its domestic subsidiaries, were offered in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. The notes are not registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption. This announcement does not constitute an offer to sell or solicitation of an offer to purchase the notes.
JELD-WEN Holding, Inc. (NYSE: JELD) ha completato con successo un'offerta di note senior unsecured da $350 milioni con un tasso d'interesse del 7,000%, in scadenza il 1° settembre 2032. Le note, garantite da JELD-WEN, Inc. e dalle sue sussidiarie nazionali, sono state offerte in un collocamento privato a compratori istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi ai sensi della Regolamentazione S del Securities Act. Le note non sono registrate ai sensi del Securities Act e non possono essere offerte o vendute negli Stati Uniti senza registrazione o un'esenzione applicabile. Questo annuncio non costituisce un'offerta di vendita né una sollecitazione di un'offerta di acquisto delle note.
JELD-WEN Holding, Inc. (NYSE: JELD) ha completado con éxito una oferta de notas séniores no garantizadas de $350 millones con una tasa de interés del 7,000%, con vencimiento el 1 de septiembre de 2032. Las notas, garantizadas por JELD-WEN, Inc. y sus filiales nacionales, se ofrecieron en una colocación privada a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo la Regulación S de la Ley de Valores. Las notas no están registradas bajo la Ley de Valores y no pueden ser ofrecidas o vendidas en EE. UU. sin registro o una exención aplicable. Este anuncio no constituye una oferta para vender ni una solicitud para comprar las notas.
JELD-WEN 홀딩스, Inc. (NYSE: JELD)는 7.000%의 이자율로 만기가 2032년 9월 1일인 3억 5천만 달러 규모의 선순위 무담보 채권 발행을 성공적으로 완료했습니다. 이 채권은 JELD-WEN, Inc. 및 그 국내 자회사가 보증하며, 144A 규칙에 따라 자격을 갖춘 기관 투자자에게 사모로 제공되었습니다. 또한, 증권법의 S 규정에 따라 미국 외 인물에게도 제공되었습니다. 이 채권은 증권법에 따라 등록되지 않았으며 등록이나 적용 가능한 면허 없이 미국에서 제공되거나 판매될 수 없습니다. 이 발표는 채권 판매 제안 또는 구매 제안 요청을 구성하지 않습니다.
JELD-WEN Holding, Inc. (NYSE: JELD) a réussi à compléter une offre de 350 millions de dollars d'obligations senior non garanties avec un taux d'intérêt de 7,000%, venant à échéance le 1er septembre 2032. Les obligations, garantis par JELD-WEN, Inc. et ses filiales nationales, ont été offertes dans le cadre d'un placement privé à des acheteurs institutionnels qualifiés en vertu de la règle 144A et à des personnes non américaines en vertu de la réglementation S de la Securities Act. Les obligations ne sont pas enregistrées en vertu de la Securities Act et ne peuvent être offertes ou vendues aux États-Unis sans enregistrement ou exemption applicable. Cette annonce ne constitue pas une offre de vente ou une sollicitation d'une offre d'achat des obligations.
JELD-WEN Holding, Inc. (NYSE: JELD) hat erfolgreich ein 350 Millionen US-Dollar schweres Angebot für vorrangige unbesicherte Anleihen mit einem Zinssatz von 7,000% abgeschlossen, das am 1. September 2032 fällig wird. Die Anleihen, die durch JELD-WEN, Inc. und ihre inländischen Tochtergesellschaften garantiert sind, wurden in einer Privatplatzierung an qualifizierte institutionelle Käufer gemäß Regel 144A und an Personen außerhalb der USA gemäß der Regulierung S des Securities Act angeboten. Die Anleihen sind nicht nach dem Securities Act registriert und dürfen in den USA ohne Registrierung oder eine anwendbare Ausnahme nicht angeboten oder verkauft werden. Diese Ankündigung stellt kein Angebot zum Verkauf oder eine Aufforderung zur Abgabe eines Kaufangebots für die Anleihen dar.
- Successfully raised $350 million through senior unsecured notes offering
- Notes have a relatively long maturity date of September 1, 2032, providing long-term financing
- High interest rate of 7.000% on the senior notes, potentially increasing interest expenses
Insights
JELD-WEN's successful placement of
However, investors should note that this new debt will increase JELD-WEN's interest expenses, impacting future profitability. The 8-year maturity allows ample time for the company to generate returns on investments made with these funds. It's important to monitor how JELD-WEN utilizes this capital to drive growth and improve its financial position in the coming years.
The private placement of these notes under Rule 144A and Regulation S is a common practice for expediting the fundraising process while avoiding the more stringent requirements of a public offering. This approach allows JELD-WEN to access capital markets efficiently, but it also means the notes are initially restricted to qualified institutional buyers and certain non-U.S. persons.
The company's explicit statement about registration limitations is important for regulatory compliance. Investors should be aware that these notes lack the liquidity of publicly traded securities initially. However, after a holding period, these notes may become eligible for resale to the public, potentially enhancing their marketability.
The Notes were offered and 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
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About JELD-WEN
JELD-WEN Holding, Inc. (NYSE: JELD) is a leading global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Based in Charlotte,
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding the offering of the Notes. Forward-looking statements are generally identified by our use of forward-looking terminology such as "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "potential", "predict", "seek", or "should", or the negative thereof or other variations thereon or comparable terminology. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans, expectations, assumptions, estimates, and projections of our management. Although we believe that these statements are based on reasonable expectations, assumptions, estimates and projections, they are only predictions and involve known and unknown risks, many of which are beyond our control, that could cause actual outcomes and results to be materially different from those indicated in such statements.
Our actual results could differ materially from the results contemplated by these forward-looking statements due to a number of factors, including, but not limited to, the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the
The forward-looking statements included in this press release are made as of the date hereof, and except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect events, new information or circumstances occurring after the date of this release.
Media Contact:
Melissa Farrington
Vice President, Enterprise Communications
262-350-6021
mfarrington@jeldwen.com
Investor Relations Contact:
James Armstrong
Vice President, Investor Relations
704-378-5731
jarmstrong@jeldwen.com
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SOURCE JELD-WEN Holding, Inc.
FAQ
What is the interest rate and maturity date of JELD-WEN's new senior notes?
How much did JELD-WEN raise in its recent senior notes offering?
Are JELD-WEN's new senior notes registered under the Securities Act?
Who guarantees JELD-WEN's new senior notes?
