JELD-WEN Completes Redemption of Senior Notes

Rhea-AI Summary

JELD-WEN Holding, Inc. (NYSE: JELD) has announced that its subsidiary, JELD-WEN, Inc., has completed the redemption of all $200 million aggregate principal amount of its outstanding 4.625% Senior Notes due 2025. The redemption was executed for 100% of the principal amount, plus accrued and unpaid interest. This financial move, completed on September 13, 2024, demonstrates JELD-WEN's proactive approach to managing its debt obligations and potentially improving its capital structure.

Positive

• Full redemption of $200 million in Senior Notes
• Potential improvement in capital structure
• Proactive debt management

Negative

• None.

CHARLOTTE, N.C., Sept. 13, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) announced today that its subsidiary, JELD-WEN, Inc., completed the redemption of all $200 million aggregate principal amount of its outstanding 4.625% Senior Notes due 2025 for 100% of the principal amount thereof, plus accrued and unpaid interest.

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, North Carolina, the company operates facilities in 15 countries in North America and Europe and employs approximately 18,000 associates dedicated to bringing beauty and security to the spaces that touch our lives. The JELD-WEN family of brands includes JELD-WEN® worldwide, LaCantina® and VPI™ in North America, and Swedoor® and DANA® in Europe. For more information, visit corporate.JELD-WEN.com or follow LinkedIn. 

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/jeld-wen-completes-redemption-of-senior-notes-302245675.html

SOURCE JELD-WEN Holding, Inc.

FAQ

What was the total amount of Senior Notes redeemed by JELD-WEN in September 2024?

JELD-WEN redeemed $200 million aggregate principal amount of its outstanding 4.625% Senior Notes due 2025.

When did JELD-WEN complete the redemption of its Senior Notes?

JELD-WEN completed the redemption of its Senior Notes on September 13, 2024.

What was the interest rate on the Senior Notes redeemed by JELD-WEN (JELD)?

The redeemed Senior Notes had an interest rate of 4.625%.

At what price did JELD-WEN redeem its Senior Notes?

JELD-WEN redeemed the Senior Notes for 100% of the principal amount, plus accrued and unpaid interest.