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.