JELD-WEN Holding, Inc. Announces Pricing of Secondary Offering of Common Stock
CHARLOTTE, N.C.--(BUSINESS WIRE)--
JELD-WEN Holding, Inc. (NYSE:JELD) today announced the pricing of a
public offering of 14,000,000 shares of its common stock by Onex
Partners Manager LP and its affiliates (collectively, “Onex”) and
certain of the company’s other existing stockholders (collectively with
Onex, the “Selling Stockholders”) at a public offering price of $30.75
per share. Onex has also granted the underwriters a 30-day option to
purchase up to 2,100,000 additional shares of common stock. The offering
is expected to close on May 31, 2017, subject to the satisfaction of
customary closing conditions.
The company is not selling any shares in this offering and will not
receive any proceeds from the sale of shares by the Selling Stockholders
in this offering.
Barclays, Citigroup, Credit Suisse, J.P. Morgan, Deutsche Bank
Securities, RBC Capital Markets, BofA Merrill Lynch, Goldman Sachs & Co.
LLC, and Wells Fargo Securities are acting as joint book-running
managers in the offering. Baird, FBR, and SunTrust Robinson Humphrey are
acting as co-managers in the offering.
The offering of these securities is being made only by means of a
prospectus. Copies of the final prospectus may be obtained, when
available, from: Barclays, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847
or by email at barclaysprospectus@broadridge.com; or Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New
York 11717, by telephone at (800) 831-9146.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on May 24, 2017.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About JELD-WEN
JELD-WEN, founded in 1960, is one of the world’s largest door and window
manufacturers, operating 115 manufacturing facilities in 19 countries
located primarily in North America, Europe and Australia. Headquartered
in Charlotte, North Carolina, JELD-WEN designs, produces and distributes
an extensive range of interior and exterior doors, wood, vinyl and
aluminum windows and related products for use in the new construction
and repair and remodeling of residential homes and non-residential
buildings. Our products are marketed globally under the JELD-WEN®
brand, along with several market-leading regional brands such as Swedoor®
and DANA® in Europe and Corinthian®, Stegbar®,
and Trend® in Australia.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170524006319/en/
JELD-WEN Holding, Inc.
Investor Relations:
John Linker,
+1.704.378.7007
investors@jeldwen.com
or
CMD
Media
Relations:
Colby Reade, +1.503.488.4209
creade@cmdagency.com
JELD-WEN@cmdagency.com
Source: JELD-WEN Holding, Inc.