Ply Gem makes $100 million voluntary payment on term loan facility

By Tali Rackner

Norfolk, Va., Nov. 7 – Ply Gem Holdings, Inc. made a $100 million voluntary payment on the long-term debt under its term loan facility on Friday, according to a press release regarding its third quarter results.

When combined with previous 2016 payments, the company has made a total of $160 million of voluntary payments of its long-term debt since December 2015.

“The strength of our operating performance, cash flow generation and meaningful debt reduction have allowed us to improve our leverage ratio 1.0 times since year end to a net leverage of 4.2 times,” chief financial officer Shawn K. Poe said in the release.

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

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