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.
CEO cites balance-sheet priority
Chief Executive Officer William J. Christensen called the agreement an important step in addressing near-term maturities, adding that it brings additional capital into the business and gives the company greater financial flexibility while it continues efforts on productivity, cost reduction and cash discipline.
Advisory roster spans multiple firms
Kirkland & Ellis LLP is acting as legal counsel to JELD-WEN, with Evercore Group L.L.C. serving as financial advisor. Davis Polk & Wardwell LLP and Houlihan Lokey Capital, Inc. are advising certain 2027 noteholders, while Gibson, Dunn & Crutcher LLP and Moelis & Company LLC are advising certain 2028 Term Loan lenders.