PGT Innovations (PGTI), a manufacturer and supplier of impact-resistant doors and windows, announced today that it intends to offer $50 million aggregate principal amount of additional senior notes due in 2026, subject to market conditions, in an offering that will be exempt from the registration requirements of the Securities Act of 1933. The additional notes will be part of the same issuance of, and will rank equally and form a single series with, the $315.0 million aggregate principal amount of PGTI’s 6.75% senior notes due in 2026, issued on August 10, 2018.

Additional notes are being offered to finance the acquisition of NewSouth Window Solutions, a move that was previously announced on December 10, 2019, and is expected to close around January 31, 2020. If the NewSouth acquisition does not close, PGTI intends to apply proceeds of the additional notes to repay amounts outstanding under its existing term loan facility.

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