February 13, 2017 / 10:16 PM / 6 months ago

BRIEF-PGT Innovations Inc announces repricing of senior secured term loan facility

Feb 13 (Reuters) - PGT Innovations Inc :

* PGT Innovations Inc announces repricing of senior secured term loan facility due 2022 at libor+4.75pct, a 1pct reduction

* PGT Innovations Inc - estimates that repricing will reduce cash debt service costs by more than $2.6 million over next year

* PGT Innovations Inc - has secured commitments for repricing of its existing $264 million senior secured tranche B term loan facility due 2022

* PGT Innovations - amendment of term loan credit agreement, for new $264 million senior secured tranche B loan facility due at libor plus 475 basis points

* PGT Innovations Inc - estimates that the repricing will reduce cash debt service costs by more than $2.6 million over next year

* PGT Innovations Inc - estimates that the repricing will reduce cash debt service costs by approximately $13 million over term of facility. Source text for Eikon: Further company coverage:

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