PGTI Announces Closing of Offering of $50 Million of Additional 6.75% Senior Notes due 2026
Retrieved on:
Friday, January 24, 2020
PGT Innovations, Inc. (NYSE: PGTI), the leading U.S. manufacturer and supplier of impact-resistant windows and doors, announced today that it has completed its previously announced private offering of $50 million aggregate principal amount of additional 6.75% senior notes due 2026 (the Additional Notes).
Key Points:
- PGT Innovations, Inc. (NYSE: PGTI), the leading U.S. manufacturer and supplier of impact-resistant windows and doors, announced today that it has completed its previously announced private offering of $50 million aggregate principal amount of additional 6.75% senior notes due 2026 (the Additional Notes).
- The Additional Notes are part of the same issuance of, and rank equally and form a single series with, the $315.0 million aggregate principal amount of the Companys 6.75% senior notes due 2026 which were issued August 10, 2018 (the Existing Notes).
- The Additional Notes will have the same terms as the Existing Notes (except with respect to issue date and the date from which interest accrues).
- The Additional Notes are guaranteed, jointly and severally, by each existing and future restricted subsidiary of PGTI that guarantees PGTIs existing senior secured credit facility.