Ply Gem Holdings Inc. has announced the launch of its initial public offering of 15,789,474 shares of its common stock, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission. Ply Gem anticipates granting underwriters an option to purchase up to an additional 2,368,421 shares of common stock to cover over-allotments, if any.

Company stocks will be cited as PGEM in the New York Stock Exchange.

Net proceeds, according to a statement from the company, will be used to “(i) to redeem, repurchase or repay a portion of its outstanding indebtedness, (ii) to pay transaction fees and other expenses and (iii) for general corporate purposes.”

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