Jeld-Wen draws down $100 million under ABL revolver

By Sarah Lizee

Olympia, Wash., March 30 – Jeld-Wen Holding, Inc. said it drew down $100 million under its existing asset-based revolving credit facility out of an abundance of caution, according to a news release.

As of Friday, the company had total liquidity of about $450 million, comprised of unrestricted cash and cash equivalents of about $230 million and about $220 million of availability under committed credit facilities.

The company said it believes it has a strong balance sheet, ample liquidity and solid financial flexibility with no significant long-term debt maturities until 2024.

Jeld-Wen is a Charlotte, N.C.-based door and window manufacturer.

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