PGT Innovations, Inc. (NYSE:PGTI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
|
Entry into a Material Definitive Agreement.
|
executed a First Amendment (the First Amendment) to the Credit
Agreement (the Credit Agreement), dated as of February 16, 2016,
by and among the Company, the lending institutions identified in
the Credit Agreement, and Deutsche Bank AG New York Branch, as
Administrative Agent and Collateral Agent. The First Amendment,
among other things, (a) decreases the applicable interest rate
margins for the Initial Term Loans (as defined in the Credit
Agreement) from (i) 4.75% to 3.75%, in the case of the Base Rate
Loans (as defined in the Credit Agreement), and (ii) 5.75% to
4.75%, in the case of the Eurodollar Loans (as defined in the
Credit Agreement), and (b) adds a soft call premium equal to 1.0%
of the principal repaid or repriced if the Initial Term Loans are
voluntarily refinanced or repriced to certain refinancing
transactions within twelve months of the effective date of the
First Amendment.
its entirety by the full text of the First Amendment filed
herewith as Exhibit 10.1 and incorporated in this Item 1.01 by
reference.
|
Item 9.01.
|
Financial Statements and Exhibits.
|
|
Exhibit No.
|
Description
|
|
|
10.1
|
First Amendment to the Credit Agreement, dated as of
February 16, 2016, among the Company, the lending institutions from time to time party thereto, and Deutsche Bank AG New York Branch, as Letter of Credit Issuer, Swing Line Lender, Administrative Agent and Collateral Agent. |
About PGT Innovations, Inc. (NYSE:PGTI)
PGT Innovations, Inc., formerly PGT, Inc., is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida. PGT Custom Windows + Doors is a manufacturer and supplier of residential impact-resistant glass products. The Company’s manufacturing, glass plant, and delivery facilities are located in North Venice, Florida. WinDoor serves five-star resorts, luxury high-rise condominiums and mansions along the United States coastline. WinDoor’s aluminum and vinyl products come in an array of expansive sizes, custom colors, and configurations. WinDoor manufacturing and delivery facilities are based in Orlando, Florida. PGT Innovations, Inc. (NYSE:PGTI) Recent Trading Information
PGT Innovations, Inc. (NYSE:PGTI) closed its last trading session down -0.65 at 10.75 with 858,017 shares trading hands.
