JELD-WEN Reports Material Agreement & New Financial Obligation

Ticker: JELD · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1674335

Jeld-Wen Holding, Inc. 8-K Filing Summary
FieldDetail
CompanyJeld-Wen Holding, Inc. (JELD)
Form Type8-K
Filed DateJan 19, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$0.01
Sentimentmixed

Complexity: simple

Sentiment: mixed

Topics: material-agreement, debt, corporate-action, disclosure

TL;DR

**JELD-WEN just took on a new financial obligation and signed a big deal, but the 8-K is light on details.**

AI Summary

JELD-WEN Holding, Inc. filed an 8-K on January 19, 2024, to report an "Entry into a Material Definitive Agreement" and the "Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement." While the filing indicates these significant events, it does not provide specific details about the nature of the agreement or the financial obligation. This matters to investors because without the specifics, it's impossible to assess the potential positive or negative impact on the company's financial health or future operations, leaving shareholders in the dark about a potentially major development.

Why It Matters

This filing signals JELD-WEN has entered into a significant agreement and taken on new debt, but the lack of detail prevents investors from understanding the financial implications.

Risk Assessment

Risk Level: medium — The filing indicates significant financial and contractual changes without providing details, creating uncertainty and potential unknown risks for investors.

Analyst Insight

A smart investor would hold off on making any significant decisions regarding JELD-WEN stock until more specific details about the material definitive agreement and financial obligation are disclosed, as the current filing lacks critical information to assess impact.

Key Numbers

  • 20240119 — Date of Report (The date the earliest event reported in the 8-K occurred.)
  • 001-38000 — Commission File Number (JELD-WEN Holding, Inc.'s SEC file number.)
  • 93-1273278 — I.R.S. Employer Identification Number (JELD-WEN Holding, Inc.'s IRS EIN.)
  • 704-378-5700 — Registrant's telephone number (JELD-WEN Holding, Inc.'s business phone number.)
  • $0.01 — par value per share (The par value of JELD-WEN Holding, Inc.'s Common Stock.)

Key Players & Entities

  • JELD-WEN Holding, Inc. (company) — the registrant filing the 8-K
  • January 19, 2024 (date) — date of earliest event reported
  • 001-38000 (other) — Commission File Number
  • Delaware (other) — State of incorporation for JELD-WEN Holding, Inc.
  • JELD (other) — Trading Symbol for Common Stock
  • New York Stock Exchange (other) — exchange where Common Stock is registered

Forward-Looking Statements

  • JELD-WEN will file an amendment or a subsequent 8-K providing details on the material agreement and financial obligation. (JELD-WEN Holding, Inc.) — high confidence, target: 2024-02-19
  • The lack of immediate detail will lead to short-term investor uncertainty regarding JELD-WEN's stock performance. (JELD-WEN Holding, Inc. stock) — medium confidence, target: 2024-01-26

FAQ

What specific events did JELD-WEN Holding, Inc. report in this 8-K filing?

JELD-WEN Holding, Inc. reported an "Entry into a Material Definitive Agreement" and the "Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant" on January 19, 2024.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported in this 8-K filing is January 19, 2024.

What is JELD-WEN Holding, Inc.'s trading symbol and on which exchange is its common stock registered?

JELD-WEN Holding, Inc.'s trading symbol is JELD, and its Common Stock (par value $0.01 per share) is registered on the New York Stock Exchange.

Where is JELD-WEN Holding, Inc.'s principal executive office located?

JELD-WEN Holding, Inc.'s principal executive office is located at 2645 Silver Crescent Drive, Charlotte, North Carolina 28273.

Does this 8-K filing provide specific details about the material definitive agreement or the financial obligation?

No, this 8-K filing only states that JELD-WEN Holding, Inc. entered into a material definitive agreement and created a direct financial obligation, but it does not provide any specific details about the nature or terms of these events.

Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 9.1 · Accepted 2024-01-19 16:13:48

Key Financial Figures

  • $0.01 — ich registered Common Stock (par value $0.01 per share) JELD New York Stock Exchange

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 19, 2024, JELD-WEN Holding, Inc., a Delaware corporation (the " Company "), JELD-WEN, Inc., a wholly-owned subsidiary of the Company (" JW, Inc. "), and the other guarantors party thereto entered into an Amendment No. 8 (" Term Loan Amendment ") to its existing Term Loan Credit Agreement (" Term Loan Agreement "), dated as of October 15, 2014 (as amended by Amendment No. 1, dated as of July 1, 2015, Amendment No. 2, dated as of November 1, 2016, Amendment No. 3, dated as of March 7, 2017, Amendment No. 4, dated as of December 14, 2017, Amendment No. 5, dated as of September 20, 2019, Amendment No. 6, dated as of July 28, 2021, and Amendment No. 7, dated as of June 16, 2023), by and among the Company, JW, Inc., the other guarantors party thereto, the lenders party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto. Under the Term Loan Amendment, the applicable margin for Term SOFR Loans and for ABR Loans, which varies based on the public corporate credit rating of JW, Inc., from any two of Moody's, S&P and Fitch, was lowered by 0.25% for each pricing level. The applicable margin for Term SOFR Loans will now be 1.75% with a rating of BB/Ba2 or better, or otherwise 2.00%; and for ABR Loans will now be 0.75% with a rating of BB/Ba2 or better, or otherwise 1.00%. The Term Loan Amendment also removed certain provisions no longer relevant to the parties and made certain other technical amendments and related conforming changes. All other material terms and conditions of the Term Loan Agreement were unchanged. The foregoing description of the Term Loan Amendment is qualified in its entirety by reference to the full text of the Term Loan Amendment, a copy of which is filed herewith as Exhibit 10.1 and is hereby incorporated by reference.

03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The disclosure set forth under Item 1.01 is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Amendment No. 8 to Term Loan Credit Agreement, dated as of January 19, 2024, among JELD-WEN Holding, Inc., JELD-WEN, Inc., the other guarantors party thereto, the lenders party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto . 104 Cover Page Interactive Data file (formatted as Inline XBRL). * Certain schedules and exhibits omitted pursuant to Item 601(a)(5) of Regulation S-K promulgated by the SEC. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 19, 2024 JELD-WEN HOLDING, INC. By: /s/ Julie Albrecht Julie Albrecht Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.