CHARLOTTE, N.C. ,
Aug. 14,
2024 /PRNewswire/ -- JELD-WEN Holding,
Inc. ("JELD-WEN") (NYSE: JELD) announced today that its
subsidiary, JELD-WEN, Inc. ("JWI"), elected to redeem, subject to
completion of the notes offering announced by JELD-WEN on
August 8, 2024, all of its
outstanding 4.625% Senior Notes due 2025 (the "Notes"), in
accordance with the terms of the Notes and the related indenture.
Wilmington Trust, National Association, as trustee under the
indenture, mailed a conditional notice of redemption to the
record holders of the Notes. Assuming completion of the JELD-WEN
notes offering, the redemption of the Notes is scheduled to
occur on September 13, 2024 (the
"Redemption Date"). The Notes will be redeemed at a redemption
price equal to $1,000 for each
$1,000 principal amount of Notes
redeemed, plus accrued and unpaid interest to, but not including,
the Redemption Date.
Payment of the redemption price for the Notes will be made
through the facilities of The Depository Trust Company.
About JELD-WEN
JELD-WEN Holding, Inc. (NYSE: JELD) is a leading global
designer, manufacturer and distributor of high-performance interior
and exterior doors, windows, and related building products serving
the new construction and repair and remodeling sectors. Based
in Charlotte, North Carolina,
the company operates facilities in 15 countries in North
America and Europe and employs approximately 18,000
associates dedicated to bringing beauty and security to the spaces
that touch our lives. The JELD-WEN family of brands includes
JELD-WEN® worldwide, LaCantina® and VPI™ in North America, and
Swedoor® and DANA® in Europe. For more information,
visit corporate.JELD-WEN.com or follow LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements other than statements of historical fact contained in
this press release are forward-looking statements, including all
statements regarding the offering of the Notes. Forward-looking
statements are generally identified by our use of forward-looking
terminology such as "anticipate", "believe", "continue", "could",
"estimate", "expect", "intend", "may", "might", "plan",
"potential", "predict", "seek", or "should", or the negative
thereof or other variations thereon or comparable terminology.
Where, in any forward-looking statement, we express an expectation
or belief as to future results or events, such expectation or
belief is based on the current plans, expectations, assumptions,
estimates, and projections of our management. Although we believe
that these statements are based on reasonable expectations,
assumptions, estimates and projections, they are only predictions
and involve known and unknown risks, many of which are beyond our
control, that could cause actual outcomes and results to be
materially different from those indicated in such statements.
Our actual results could differ materially from the results
contemplated by these forward-looking statements due to a number of
factors, including, but not limited to, the factors discussed in
our Annual Report on Form 10-K for the year ended
December 31, 2023 or our other filings with the U.S.
Securities and Exchange Commission.
The forward-looking statements included in this press release
are made as of the date hereof, and except as required by law, we
undertake no obligation to update, amend or clarify any
forward-looking statements to reflect events, new information or
circumstances occurring after the date of this release.
Media Contact:
Melissa
Farrington
Vice President, Enterprise Communications
262-350-6021
mfarrington@jeldwen.com
Investor Relations Contact:
James Armstrong
Vice President, Investor Relations
704-378-5731
jarmstrong@jeldwen.com
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SOURCE JELD-WEN Holding, Inc.