CHARLOTTE, N.C., July 5, 2023
/PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading
global manufacturer of building products, announced today that its
subsidiary, JELD-WEN, Inc., issued on July
3, 2023 a notice to redeem on August
3, 2023 (the "Redemption Date") all $250 million of its 6.250% Senior Secured Notes
due May 2025 (the "6.250% Senior
Secured Notes") and $200 million of
its 4.625% Senior Notes due December
2025 (the "4.625% Senior Notes," together with the 6.250%
Senior Secured Notes, the "Notes"), each in accordance with the
terms of the applicable Notes and indentures. The redemption price
for the 6.250% Senior Secured Notes will be 101.563% of the
principal amount, plus any accrued and unpaid interest excluding
the Redemption Date. The redemption price for the 4.625% Senior
Notes will be 100% of the principal amount redeemed, plus any
accrued and unpaid interest excluding the Redemption Date. As of
June 30, 2023, the aggregate
outstanding principal amount of the 6.250% Senior Secured Notes was
$250 million and the 4.625% Senior
Notes was $400 million.
![Headquartered in Charlotte, N.C., JELD-WEN Holding, Inc. is a leading global manufacturer of high-performance interior and exterior building products, offering one of the broadest selections of windows, interior and exterior doors, and wall systems. (PRNewsfoto/JELD-WEN Holding, Inc.) Headquartered in Charlotte, N.C., JELD-WEN Holding, Inc. is a leading global manufacturer of high-performance interior and exterior building products, offering one of the broadest selections of windows, interior and exterior doors, and wall systems. (PRNewsfoto/JELD-WEN Holding, Inc.)](https://mma.prnewswire.com/media/1503082/JW_New_Logo.jpg)
Payment of the redemption price for the Notes will be made
through the facilities of The Depository Trust Company.
About JELD-WEN Holding, Inc.
JELD-WEN is a leading global designer, manufacturer and
distributor of high-performance interior and exterior doors,
windows, and related building products serving the new construction
and repair and remodeling sectors. Headquartered in Charlotte, N.C., the company operates
facilities in 16 countries in North
America and Europe and
employs approximately 18,000 people. Since 1960, the JELD-WEN team
has been committed to making quality products that create safe and
sustainable environments for customers, associates and local
communities. The JELD-WEN family of brands includes JELD-WEN®
worldwide; LaCantina™ and VPI™ in North
America; and Swedoor® and DANA® in Europe. For more information, visit
www.jeld-wen.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are generally
identified by the use of forward-looking terminology, including the
terms "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "likely," "may," "plan," "possible,"
"potential," "predict," "project," "should," "target," "will,"
"would" and, in each case, their negative or other various or
comparable terminology. All statements other than statements of
historical facts are forward-looking statements, including
statements regarding our business strategies and ability to execute
on our plans, market potential, future financial performance,
customer demand, the potential of our categories, brands and
innovations, the impact of our footprint rationalization and
modernization program, the impact of acquisitions and divestitures
on our business and our ability to maximize value and integrate
operations, our pipeline of productivity projects, the estimated
impact of tax reform on our results, litigation outcomes, and our
expectations, beliefs, plans, objectives, prospects, assumptions,
or other future events, all of which involve risks and
uncertainties that could cause actual results to differ materially.
For a discussion of these risks and uncertainties, please refer to
our Annual Report on Form 10-K for the year ended December 31, 2022 and our other filings with the
U.S. Securities and Exchange Commission.
Media Contact:
Caryn Klebba
Head of
Global Public Relations
704-807-1275
cklebba@jeldwen.com
Investor Relations Contact:
James Armstrong
Vice President,
Investor Relations
704-378-5731
jarmstrong@jeldwen.com
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SOURCE JELD-WEN Holding, Inc.