Daily News: December 28, 2018

JELD-WEN Revolver Receives $100MM Upsize from Wells Fargo

Wells Fargo acted as both administrative and collateral agent on an amendment to JELD-WEN’s revolving credit agreement, increasing the size of the facility commitments by $100 million.

According to the related 8-K filing, the amendment also reduced the applicable commitment fees to 0.25% per annum and modified certain other terms and provisions of the existing ABL agreement.

The increase in commitments will primarily be used to replace certain credit facilities assumed in recent acquisitions.

Founded in 1960 and headquartered in Charlotte, NC, JELD-WEN is one of the world’s largest door and window manufacturers, operating manufacturing facilities in 20 countries located primarily in North America, Europe and Australia.