Janus International pays down $50 million of first-lien term loan

By Marisa Wong

Los Angeles, April 3 – Janus International Group Inc. announced it paid down $50 million of debt using cash on hand. The $50 million was paid against the company’s first-lien term loan facility, according to a press release.

“This paydown helps us reduce interest expense and maintain net leverage in our stated target range of two to three times net debt-to-trailing twelve month adjusted EBITDA,” chief financial officer Anselm Wong said.

Janus is a Temple, Ga.-based manufacturer and supplier of turn-key self-storage, commercial and industrial building products.

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