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Jeld-Wen to repay around $375 million of term debt with IPO proceeds
By Sara Rosenberg
New York, Jan. 18 – Jeld-Wen Inc. plans to pay down about $375 million of outstanding term loan borrowings with a portion of the proceeds from its initial public offering of common stock, according to an S-1/A filed with the Securities and Exchange Commission late Tuesday.
Any remaining proceeds from the stock offering will be used for general corporate purposes.
The company expects net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses, will be around $451.9 million, assuming the shares are offered at $22.00 per share.
Jeld-Wen is a Klamath Falls, Ore.-based door and window manufacturer.
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