Jeld-Wen sets roadshow for $800 million two-part notes offering

By Paul A. Harris

Portland, Ore., Dec. 4 – Jeld-Wen, Inc. plans to start a roadshow on Tuesday in New York for an $800 million two-part offering of senior notes (expected ratings B1/BB-), according to a syndicate source.

The Klamath Falls, Ore.-based door and window manufacturer is selling eight-year notes with three years of call protection and 10-year notes with five years of call protection. Tranches will be sized at a minimum of $300 million. Final tranche sizes remain to be determined.

The roadshow moves to Boston on Wednesday and to Los Angeles on Thursday, and the Rule 144A and Regulation S for life deal is also expected to price on Thursday.

An investor conference call is scheduled for 12:30 p.m. ET on Tuesday.

Wells Fargo Securities LLC is the left bookrunner. Barclays, BofA Merrill Lynch and J.P. Morgan Securities LLC are the joint bookrunners. SunTrust Robinson Humphrey Inc. is the co-manager.

The company plans to use the proceeds to pay down its term loan B.

© 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.