PGT Innovations, Inc. to acquire ECO
|Deal Type||Debt Capital Markets|
Add-On Senior Notes
|Client & Transactional Partners||
PGT Innovations, Inc.
Unity Windows, Inc.
|Our Role||Joint Bookrunner|
KeyBanc Capital Markets (“KBCM”) acted as a Joint Bookrunner on PGT Innovations, Inc.’s (“PGTI” or the “Company”) $60 million add-on to its 6.750% Senior Notes due 2026, proceeds from which will be used to finance the acquisition of ECO Window Systems, LLC, ECO Glass Production, Inc., and Unity Windows, Inc. (collectively, “ECO”).
PGTI is a leading manufacturer and supplier of residential impact-resistant windows and doors, as well as a leading designer and manufacturer of innovative window and door systems that unify indoor/outdoor living spaces. The Company manufactures complete lines of high-end, luxury, premium, and mass-custom fully customizable aluminum and vinyl windows and doors and porch enclosure products, targeting both the residential repair and remodeling and new construction end markets.
ECO manufacturers and sells a broad selection of aluminum, impact-resistant windows and doors primarily in South Florida and the Caribbean. ECO’s glass manufacturing division supplies all of the impact-resistant glass used in ECO’s window and door products and sells its products to other companies, including PGTI.