Moody's: JELD-WEN's ratings unchanged upon a term loan add-on
Announcement: Moody's: JELD-WEN's ratings unchanged upon a term loan add-on. Global Credit Research- 09 Sep 2019. New York, September 09, 2019-- Moody's Investors Service said that JELD-WEN, Inc.' s proposed $100 million add-on to its existing $433 million senior secured term loan due 2024 does not impact the company's existing ratings, including its Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, Ba2 rating for senior secured term loan, and B1 rating for senior...JELD-WEN Holding is a holding company. Through its subsidiaries, the company is a door and window manufacturer. The company designs, produces, and distributes a range of interior and exterior doors, wood, vinyl, and aluminum windows, and related products for use in the construction and repair and remodel of residential homes and, to a lesser extent, non-residential buildings. The company markets its products under the JELD-WEN brand, along with several brands such as Swedoor and DANA in Europe and Corinthian, Stegbar, and Trend in Australia. The company's customers include wholesale distributors and retailers as well as individual contractors and consumers. The company has three segments: North America, Europe, and Australasia.
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