Financing ·
JELD-WEN raises $135M in new debt to restructure near-term maturities via exchange at par or 93% for notes due 2027
JELDJELD-WEN Holding, Inc.
On September 29, 2026, JELD-WEN Holding, Inc. entered into a commitment and consent letter with holders of approximately 94.5% of its 4.875% Senior Notes due 2027 and 72.2% of its Replacement 2023 Term B Loans to restructure near-term debt maturities. The transactions involve exchanging existing notes for new first lien secured notes maturing in 2031, with exchange prices at par (100%) for participating holders or 93% for others. Existing term loans will be exchanged for the same new notes or repurchased at 86%. The company will raise $135 million in new money debt financing to pay transaction costs and fund discounted repayments. New notes bear interest at 10.50% cash or 11.50% with up to 2.50% PIK. JELD-WEN is a leading global designer, manufacturer, and distributor of high-performance interior and exterior doors, windows, and related building products.