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Jeld-Wen to launch $1.61 billion loan at Wednesday bank meeting
By Paul A. Harris
Portland, Ore., Oct. 3 – Jeld-Wen, Inc. plans to launch a $1,614,000,000 credit facility at a Wednesday bank meeting, according to a market source.
Barclays and Bank of America Merrill Lynch are the joint bookrunners.
The deal is in three tranches, a $763 million term loan due 2021, a $476 million term loan due 2022 and a $375 million incremental term loan due 2022.
The Klamath Falls, Ore.-based door and window manufacturer plans to use the proceeds to consolidate its existing term loans due 2021 and 2022 and to fund a distribution to its shareholders.
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