JELD-WEN Holding, Inc.

JELD-WEN Offers 2031 First-Lien Notes at up to 11.5% in Debt Swap

Image
JELD-WEN Offers 2031 First-Lien Notes at up to 11.5% in Debt Swap

CHARLOTTE – October 29, 2026 -- JELD-WEN Holding, Inc. (NYSE: JELD) has launched an exchange offer that would swap its 4.875% Senior Notes due 2027 for new first lien senior secured notes due 2031 and raise up to $410.2 million in new money, with holders of about 94.5% of the old notes already committed to tender.

Backstop commitments cover 70% of the old notes

Holders representing roughly 70.0% of the old notes have committed to buy their agreed share of the up to $410.2 million in New Notes at $1,000 per $1,000 principal amount. The commitment covers any portion that other eligible holders do not subscribe for or fail to fund. The new money issuance shrinks dollar-for-dollar to the extent lenders holding Existing Term Loans decline to sell in a concurrent Dutch auction.

JELD-WEN Secures Lender Deal to Push 2027, 2028 Debt to 2031

Image
JELD-WEN Secures Lender Deal to Push 2027, 2028 Debt to 2031

Charlotte, N.C. – September 29, 2026 -- JELD-WEN Holding, Inc. (NYSE: JELD) has entered into a commitment and consent letter with a significant group of lenders and noteholders to extend the maturities of its 4.875% Senior Notes due 2027 and its 2028 Term Loans to 2031, while raising $135 million in new money debt financing.

Nearly all 2027 noteholders and most 2028 lenders back the deal

The agreement covers approximately 94.5% of the 2027 Notes and approximately 72.2% of the 2028 Term Loans. Under the arrangement, the existing debt will be refinanced and/or exchanged for new first-lien debt maturing in 2031.

Exchange offers to launch within weeks

JELD-WEN said it intends to commence exchange offers to holders of the 2027 Notes and 2028 Term Loans in the coming weeks to implement the transactions.