Ply Gem Announces a Major Cash Investment by Its Equity Sponsor to Acquire a Majority of the Company's Outstanding 9 Percent Senior Subordinated Notes
March 24, 2009

Ply Gem Industries Inc. announced this week that affiliates of the Company's financial Sponsor, CI Capital Partners LLC, will make a major cash investment to acquire a majority of the Company's outstanding 9 percent Senior Subordinated Notes. Ply Gem also announced that it intends to amend the indenture of its 9 percent Senior Subordinated Notes to provide the Company with greater financial and operating flexibility.

"This represents a significant investment by our sponsor and demonstrates their continued confidence in and support of our business," says Gary E. Robinette, President and chief executive officer of Ply Gem. "Having our sponsor acquire a majority of our notes will give our company greater control over our debt and can provide the Company with additional near-term liquidity during these challenging economic times."

Need more info and analysis about the issues?
CLICK HERE to subscribe to DWM magazine.