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PGT Innovations to repay credit facility debt via stock proceeds
By Marisa Wong
Morgantown, W.Va., Sept. 14 – PGT Innovations said it intends to repay debt under its existing credit facility using proceeds from a public offering of common stock.
The company announced on Friday that it priced 7 million common shares at $23.00 per share for proceeds of $161 million. The deal includes a $24.15 million greenshoe, proceeds of which would be used for general corporate purposes.
PGT is a North Venice, Fla.-based supplier of windows and doors.
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