Item 1.01 Entry into a Material Definitive Agreement.
On December 31, 2019, JELD-WEN Holding, Inc. (the "Company"), JELD-WEN, Inc., a
wholly-owned subsidiary of the Company ("JWI"), JELD-WEN of Canada, Ltd., a
wholly-owned subsidiary of JWI, certain other wholly-owned subsidiaries of JWI,
Wells Fargo Bank, National Association, as administrative agent (the "Agent"),
and the lenders party thereto, entered into Amendment No. 5 (the "Amendment") to
our Revolving Credit Agreement, dated as of October 15, 2014 (as previously
amended, the "ABL Credit Agreement"), among the Company, JWI, the other
borrowers and subsidiary guarantors party thereto, the Agent and the other
lenders and financial institutions from time to time party thereto.
The Amendment modifies the ABL Credit Agreement by adding contractual terms,
required under the United States regulations commonly known as "QFC Stay Rules,"
to be included in certain contracts entered into by certain banking
organizations. These amendments were requested by our lenders under the ABL
Credit Agreement to facilitate their compliance with the QFC Stay Rules.
The foregoing description of the amendment is a general description and is
qualified in its entirety by reference to Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Amendment No. 5, dated as of December 31, 2019, among JELD-WEN
Holding, Inc., JELD-WEN, Inc., JELD-WEN of Canada, Ltd., the other
borrowers and subsidiary guarantors party thereto, Wells Fargo
Bank, National Association, as administrative agent, and the
lenders party thereto.
104 Cover Page Interactive Data file (formatted as Inline XBRL).
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