MIWD Holding Company LLC Announces $400.0 Million Senior Bond Offering | State

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GRATZ, Pa., January 11, 2022 /PRNewswire/ — MIWD Holding Company LLC today announced the launch of a private offering of $400.0 million the aggregate principal amount of senior notes due 2030 (the “Notes”) to be issued by its wholly owned subsidiaries, MIWD Holdco II LLC (“MIWD Holdco”) and MIWD Finance Corporation (“MIWD Finance” and, with MIWD Holdco, the “Issuers”). The Issuers intend to use the net proceeds of the offering of the Notes, together with any available cash, to (i) repay $293.0 million aggregate principal amount of term loans under our term loan facility and (ii) fund a distribution to MIWD Holding Company LLC to redeem $100.0 million in nominal value of certain of its preferred shares, plus any compensation premium.

The Notes will be guaranteed by each of the Issuers’ existing and future wholly-owned national subsidiaries which guarantee the existing credit facilities of the Issuers and their respective subsidiaries. The Notes will constitute the senior unsecured obligations of the Issuers and will rank pari passu in right of payment on all existing and future senior indebtedness of the Issuers and pari passu in right of payment on all future subordinated indebtedness of the Issuers.

The offering of the Notes will be made in a private transaction on the basis of an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in United States only to investors who are reasonably believed to be “qualified institutional buyers”, as that term is defined in Rule 144A of the Securities Act, or to certain non-U.S. persons in dealings outside of United States in accordance with Regulation S of the Securities Act. The Notes and related collateral have not been registered under securities law or the securities laws of any other jurisdiction and may not be offered or sold in United States without registration or applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, and there will be no sale of any of the Notes in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration. or qualification under the securities laws of such jurisdiction.

ON MI WINDOWS

MI is a fenestration products manufacturer that owns and operates three brands: MI Windows and Doors, Milgard Windows & Doors and Sunrise Windows & Doors. MI is one of the nation’s largest suppliers of precision-crafted, energy-efficient windows and doors. With more than 10 manufacturing plants spread across United States, MI brands offer stylish, high-performance, and market-preferred products for new construction and replacement applications. For more information, visit www.miwindows.com.

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SOURCE MI Windows and Doors

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