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Jeld-Wen to launch $775 million term loan B on Thursday morning
By Sara Rosenberg
New York, Sept. 9 – Jeld-Wen Inc. is set to hold a bank meeting at 10 a.m. ET on Thursday to launch a $775 million seven-year covenant-light term loan B, according to a market source.
Bank of America Merrill Lynch, Wells Fargo Securities LLC, Barclays, SunTrust Robinson Humphrey Inc. and KeyBanc Capital Markets LLC are the arrangers on the deal.
Amortization on the term loan is 1% per annum, the source said.
Proceeds will be used to refinance existing senior secured credit facility debt and senior secured notes.
Jeld-Wen is a Klamath Falls, Ore.-based door and window manufacturer.
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