JELD-WEN Announces Commencement of Exchange Offer and Consent Solicitation for Outstanding 4.875% Senior Notes due 2027

JELD-WEN launched an exchange offer for $400 million of its 2027 notes, proposing new first-lien secured notes due 2031 with interest rates of 10.5% or 11.5%. The company seeks to remove restrictive covenants and default provisions. Holders of 94.5% of old notes agreed to tender early, with 70% backing new-note purchases. The offer expires November 27, 2026, according to the company.

JELD-WEN (NYSE:JELD) launched a debt exchange offer for its $400M 4.875% Senior Notes due 2027, proposing new first lien senior secured notes due 2031. Early participants receive $1,000 of new notes per $1,000 of old notes, while others get $930 or $880. The new notes offer 10.5% or 11.5% interest. 94.5% of note holders agreed to tender by the early deadline, and 70% committed to the new money offering. The company also solicits consents to amend restrictive covenants.

JELD-WEN (JELD) launched an exchange offer for its 4.875% Senior Notes due 2027, proposing to swap them for new first lien senior secured notes due 2031. The company also seeks consent to amend the indenture, eliminating most restrictive covenants. Approximately 94.5% of noteholders agreed to tender their notes, and 70.0% committed to purchasing up to $410.2 million in new notes. The offer expires November 27, 2026, with early submission rewards.

JELD-WEN (JELD) is offering to exchange its 4.875% 2027 notes for new first-lien 2031 notes, with up to $410.2M of new debt available. The move aims to de-risk the balance sheet and secure liquidity, according to the company.

JELD-WEN (JELD) announced that 94.5% of holders of its 2027 notes agreed to exchange them by Nov. 10. The company is also soliciting consents to amend the notes' indenture, eliminating restrictive covenants and modifying default provisions. Concurrently, JELD-WEN launched a Dutch auction for existing term loans. The exchange offer and consent solicitation will expire at 5:00 p.m. on the specified date.

JELD-WEN's CFO Samantha Stoddard will resign on November 13, 2026. Jeffrey Embt, Vice President and Chief Accounting Officer, will serve as interim CFO. Stoddard is leaving to pursue an opportunity outside the industry. Embt, 45, was appointed by the board to lead the search for a permanent replacement.