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PGT Industries seeks first-lien term loan upsizing to repay second-lien loan
By Sara Rosenberg
New York, Sept. 8 - PGT Industries Inc. is looking to amend its credit facility to upsize its first-lien term loan to $170 million from around $113.5 million so that it could repay its $45 million second-lien term loan at a premium of 101, according to a market source.
Pricing on the first-lien term loan would stay as is, the source said.
The amendment proposal was posted on Intralinks on Wednesday. There are currently no plans to hold a conference call to discuss the transaction, the source added.
UBS is the lead bank on the deal.
PGT is a Nokomis, Fla., manufacturer of custom windows, doors and patio rooms.
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