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Unprofitable companies face headwinds as they struggle to keep operating expenses under control. Some may be investing heavily, but the majority fail to convert spending into sustainable growth.
Shares of building products manufacturer JELD-WEN (NYSE:JELD) jumped 15.3% in the pre-market session after the company announced an agreement to extend its debt maturities to 2031 and raise $135 million of incremental liquidity.
JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced it has entered into a commitment and consent letter with a significant group of its lenders and noteholders to address its near-term debt maturities and strengthen the Company's capital structure. Under the agreement, JELD-WEN expects to extend the maturities of its 4.875% Senior Notes due 2027 (the "2027 Notes") and its 2028 term loans (the "2028 Term Loans") to 2031 and raise $135 million of new money debt financ
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