March 19, 2018 / 10:11 AM / 6 months ago

BRIEF-PGT Innovations Announces Repricing Of Senior Secured Term Loan Facility Due February 2022

March 19 (Reuters) - PGT Innovations Inc:

* PGT INNOVATIONS, INC. ANNOUNCES REPRICING OF SENIOR SECURED TERM LOAN FACILITY DUE FEBRUARY 2022 AT LIBOR+3.50%, A 1.25% REDUCTION IN MARGIN

* PGT INNOVATIONS- ENTERED INTO AMENDMENT TO EXISTING $224 MILLION SENIOR SECURED TERM LOAN FACILITY DUE FEB 2022

* PGT INNOVATIONS - ESTIMATES INTEREST RATE REDUCTION TO REDUCE CASH DEBT SERVICE COSTS BY ABOUT $2.8 MILLION OVER NEXT 12 MONTHS

* PGT INNOVATIONS- AMENDMENT RESULTED IN, AMONG OTHER THINGS, 125 BASIS POINT REDUCTION IN INTEREST RATE APPLICABLE TO TERM LOAN FACILITY Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below