filecrux
$JELD (JELD-WEN, door/window maker) loses its CFO Nov 13 as holders agreed to swap debt into 2031 first-lien notes, backstop up to $410.2M: $135M fees/corporate use, up to $275.2M to buy 2028 loans at 86%. That $135M tops its ~$118.0M market value at $1.36 (16:00 ET, Oct 19, 2026); cash was $57.2M on June 27, 2026. Offsets: holders of ~94.5% of the 2027 notes signed on, accounting chief Jeffrey Embt steps in as interim CFO, and Aug 3 guidance was reaffirmed. Next: the lender commitment lapses 60 days after its Sep 29 signing unless closed or extended.
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