Analyst Ratings
NCI Building Extends Debt Exchange Deadline
HOUSTON (AP) — NCI Building Systems Inc. said Thursday it extended the deadline for its debt exchange offer by 12 days and received support from lenders to refinance its credit facility.
The building components maker said as of late Wednesday that holders of about $179.8 million, or 99 percent, of its 2.125 percent convertible senior subordinated notes due 2024 have delivered valid tenders. The exchange offer will now expire on Oct. 19 rather than Oct. 12. NCI also said it received support from its lenders holding two-thirds of its senior secured debt to refinance its existing credit facility. The refinancing calls for the repayment of $143 million and a modification of the terms and maturity of the remaining $150 million. The modification includes an increase of 1 percent in the amended interest rate and payment of the 2 percent consent fee on the full current outstanding balance of the term loan, rather than only on the remaining portion. Shares of NCI lost 2 cents to $2.76 in morning trading.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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