The AZEK Company Announces ABL and Term Loan Refinancing
The AZEK Company Inc. Class A (AZEK)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading designer and manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK Trim®, and StruXure® pergolas, today announced the entry into a new credit agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders and financial institutions party thereto, the arrangement of which was led by Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. as joint bookrunners. The new credit agreement provides the Company with a $815 million credit facility, consisting of a $440 million first lien term loan facility and a $375 million first lien revolving credit facility. The proceeds of the new credit agreement were applied, among other uses, to refinance outstanding obligations under the Company’s existing term loan credit agreem
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AZEK
Earnings
- 8/7/24 - Beat
AZEK
Sec Filings
- 9/27/24 - Form 8-K
- 9/11/24 - Form 4
- 9/11/24 - Form 4
- AZEK's page on the SEC website