JELD-WEN Secures $135 Million Injection to Extend Debt Maturities

The company confirmed that the commitment represents approximately 94.5% of its 2027 senior notes and 72.2% of its 2028 term loans. By securing this support, JELD-WEN intends to launch formal exchange offers in the coming weeks to refinance existing debt into new first-lien instruments maturing in 2031. Chief Executive Officer William J. Christensen described the move as a vital step in maintaining financial flexibility while the company continues its focus on productivity, cost reduction, and customer service.

Legal and financial maneuvering for the deal involves a host of advisory firms. Kirkland & Ellis LLP and Evercore Group L.L.C. are representing JELD-WEN, while Davis Polk & Wardwell LLP, Houlihan Lokey Capital, Inc., Gibson, Dunn & Crutcher LLP, and Moelis & Company LLC are advising the various creditor groups involved in the refinancing.