#United States #New York #Cabinetworks Group #ACPRODUCTS HOLDINGS #KraftMaid

Cabinetworks Group Achieves Remarkable Consent Solicitation Approval

In a noteworthy development, ACPRODUCTS HOLDINGS, INC., which acts as the parent company for Cabinetworks Group, initiated a solicitation for consents from the holders of its outstanding Senior Notes amounting to $498.5 million that bear an interest of 6.375% and are set to mature in 2029. The communication regarding this solicitation was formally made in their Consent Solicitation Statement released on May 8, 2026, detailing the proposed amendments to the governing indenture of the Senior Notes.

The consent solicitation officially concluded at 5 PM Eastern Time on May 15, 2026, marking a critical deadline in the process. Impressively, the company reported that the solicitations yielded valid consents from holders representing approximately 92.71% of the total principal amount of the outstanding notes. This exceptional level of approval is essential as it meets the threshold for obtaining the Requisite Consents necessary for moving forward with the proposed amendments.

Out of the total amount, approximately $316 million, equating to 63.4%, of the notes are currently held by either the company or its affiliates. This significant stake highlights both the confidence and the vested interests these parties have in the forthcoming changes.

On May 14, the Supplemental Indenture, which implements the proposed amendments, was officially executed. Its operability hinges on conditions verified under the Supplemental Indenture Operative Time, setting the stage for what the company envisions as strategic improvements moving forward.

Importance of the Consent Solicitation

This successful solicitation is not merely a procedural formality. The amendments proposed will likely enhance the operational flexibility of Cabinetworks Group in the coming years. Given the competitive nature of the cabinetry market, flexibility can be a decisive factor that enables the company to adapt to market demands efficiently while maximizing their strategic initiatives.

A thorough exploration of the terms and conditions surrounding the consent solicitation is available for interested and eligible parties via request from the designated Information and Tabulation Agent, Kurtzman Carson Consultants, LLC, which operates under the moniker Verita Global. This transparency is integral to maintaining trust with stakeholders.

Regulatory Considerations

It is important to note that the announcement is intended purely for informational purposes and does not serve as an offer to sell, nor as a solicitation of any offers to purchase notes or any other securities. Moreover, it is clarified that the solicitation is not occurring in any jurisdiction where it would be deemed illegal under applicable laws.

About Cabinetworks Group

Cabinetworks Group stands as the largest independent cabinet manufacturer in the United States, boasting a workforce exceeding 5,200 at 20 different locations, which include 16 manufacturing sites. The company's portfolio encompasses 13 distinguished brands, featuring notable names like KraftMaid®, Medallion®, Merillat®, and Smart® Cabinetry. Cabinetworks prides itself on creating personalized kitchen experiences that resonate with customers, all while ensuring top-notch quality through its extensive distribution network.

Additional information regarding the company, including its product lines and career opportunities, can be located directly at their official website, cabinetworksgroup.com. The company was strategically advised in this process by Milbank LLP and Houlihan Lokey, ensuring expert guidance throughout the consent solicitation journey.

Overall, this milestone not only exemplifies the strength of Cabinetworks Group's stakeholder relations but also positions the company favorably for future endeavors in the ever-evolving cabinetry market.