MI Windows to repay $293 million of term loan B with notes proceeds

By Sara Rosenberg

New York, Jan. 11 – MI Windows and Doors Inc. (MIWD Holdco II LLC) plans to repay $293 million of its term loan B using a portion of the proceeds from a $400 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used to fund a distribution to MIWD Holding Co. LLC to redeem $100 million in face value of its preferred units.

MI Windows is a Gratz, Pa.-based manufacturer of vinyl, aluminum and fiberglass windows and patio doors.

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