JELD-WEN Holding, Inc. announced a modification to the terms of its exchange offer and consent solicitation for outstanding debt on November 12, 2026. The company is changing the Late Exchange Consideration available to Eligible Holders who tender their notes after the Early Exchange Time.
Under the revised terms, the Late Exchange Consideration will match the Lower Early Exchange Consideration. This means that Eligible Holders who validly tender Old Notes after 5:00 p.m., New York City time, on November 10, 2026, and at or prior to the Expiration Time, will receive the same consideration as Non-New Money Participants who tendered at or prior to the Early Exchange Time.
The exchange offer allows Eligible Holders to exchange outstanding 4.875% Senior Notes due 2027 (the “Old Notes”) for new first lien senior secured notes due 2031 (the “New Notes”). The offer also includes a New Money Offer, allowing participants to purchase up to $410.2 million in aggregate principal amount of the New Notes.
The company notes that Eligible Holders who do not subscribe for their entire Pro Rata Portion of the New Money Offer or fail to fund that portion by the Funding Date will only be entitled to receive $930 in principal amount of New Notes per $1,000 in principal amount of Old Notes validly tendered at or prior to the Early Exchange Time.
The transactions are subject to the satisfaction of the Financing Conditions and General Conditions as set forth in the Offering Memorandum dated October 28, 2026.
