JELD-WEN Holding, Inc.

Current report

Our ability to address our upcoming debt maturities depends on our successful completion of a series of proposed refinancing transactions and, if necessary, implementation of other financing or strategic alternatives.

Current report

As further described elsewhere in this report, we have entered into a commitment and consent letter with a significant group of our lenders and noteholders to address the upcoming maturities of our Senior Notes due December 2027 and the Term Loan Facility due July 2028. Under the letter, we have agreed to consummate a series of refinancing transactions, which currently remain subject to closing and other conditions, some of which may be outside our control. The transactions may be delayed, modified or terminated, and there can be no assurance that they will be completed on the anticipated terms or at all. If the transactions are not completed in a timely manner, we would need to pursue alternative refinancing, exchange, asset-sale, sale-leaseback, expenditure-reduction or other strategic transactions. Such alternatives may not be available when needed or on terms acceptable to us and may require the use of cash, the issuance of debt or equity on unfavorable terms, the sale of assets at unattractive values, or the acceptance of restrictive covenants. A failure to complete the series of transactions or another viable alternative could have a material adverse effect on our liquidity, ability to meet obligations as they become due, access to financing, business relationships, operations, our financial condition and results of operations, and could result in a default under our debt agreements or other remedial actions by creditors. Refer to Note 10 -Long-Term Debtand Note 22 -Subsequent Eventto our unaudited condensed consolidated financial statements and “Liquidity and Capital Resources” in Item 2 of this Form 10-Q for additional information regarding the refinancing transactions and liquidity.