#United States #Charlotte #Senior Notes #Financial Services #JELD-WEN

JELD-WEN Announces Updated Exchange Offer and Consent Solicitation

On October 28, 2026, JELD-WEN Holding, Inc. (NYSE: JELD) initiated an exchange offer and consent solicitation concerning its existing 4.875% Senior Notes set to mature in 2027. This initiative is designed for eligible holders of the old notes, allowing them to exchange their securities for newly issued first lien senior secured notes which are due in 2031.

The exchange offers significant incentives, including early and late consideration for holders tendering their old notes. Up to $400 million in new notes is available for exchange, which underscores JELD-WEN's commitment to streamline its capital structure and improve its financial flexibility.

Details of the Offer

Eligible holders of the 4.875% Senior Notes can begin exchanging their current holdings for new notes. The company has outlined consideration amounts, specifying that participants can expect:

• - Early Exchange Consideration: If validly tendered before the Early Exchange Time.
• - Late Exchange Consideration: Available for those who tender after the Early Exchange Time, but before the Expiration Time.

The offer outlines various categories for participants. For instance, participants classified as New Money Participants are eligible for a principal amount of $1,000 for every $1,000 of their old notes validly tendered before the early deadline, while other participants would receive $930 for the same amount.

JELD-WEN is also seeking consents to make significant amendments to the indenture governing the old notes. These proposed amendments aim to lift many restrictive covenants and alter default provisions, aiming to enhance the operational flexibility of the company moving forward.

Strategic Objectives

This exchange offer is part of a larger strategy by JELD-WEN to not only optimize its debt profile but also to fortify its market position. The company's management believes that by extending the maturity of its debt through the issuance of new notes, JELD-WEN can alleviate some financial pressures while continuing to invest in its core business operations.

Moreover, approximately 94.5% of current holders have expressed intent to participate, indicating robust support for the outlined plans. The engagement from existing note holders suggests confidence in JELD-WEN's future viability and strategic direction.

Conclusion

In conclusion, JELD-WEN's announcement marks a pivotal step in its debt management strategy, aiming to enhance financial stability and foster growth prospects. The exchange offer presents a compelling opportunity for holders of the 4.875% Senior Notes to align their investments with the company's long-term vision, paving the way for a stronger capital framework ahead.

For more detailed information about the exchange offer, interested parties can review the company’s confidential offering memorandum.

About JELD-WEN
JELD-WEN Holding, Inc. operates as a leading global manufacturer of doors, windows, and related building products. Headquartered in Charlotte, North Carolina, the company has a robust presence across multiple countries and employs around 13,900 individuals dedicated to excellence in their field. With an impressive array of brands under its wing, JELD-WEN continues to innovate and adapt in a dynamic market landscape.