Ply Gem to repay debt under senior secured revolver via new notes

By Marisa Wong

Madison, Wis., Sept. 15 – Ply Gem Industries, Inc. plans to repay debt under its senior secured asset-based revolving credit facility using proceeds from an offering of new notes, according to an 8-K filing with the Securities and Exchange Commission.

The company will use proceeds from the new 6½% notes due 2022 and cash on hand to fund its acquisition of Simonton Windows, a Columbus, Ohio-based vinyl window and patio door manufacturer. Remaining funds will be used for the paydown and other general corporate purposes.

Ply Gem is a Cary, N.C.-based building products manufacturer.

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