E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/3/2016 in the Prospect News Bank Loan Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.