Ply Gem Tack-On Hits Mart

UBS, Deutsche Bank and JPMorgan last Thursday launched syndication of a $121 million incremental senior secured term loan for Ply Gem Industries.

  • 10 Feb 2006
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UBS, Deutsche Bank and JPMorgan last Thursday launched syndication of a $121 million incremental senior secured term loan for Ply Gem Industries. The term loan is a tack-on to the company's existing credit facility. Ply Gem and its private equity owner, Caxton-Iseman Capital, are using the loan to back the purchase of AWC Holdings and its subsidiary Alenco, a manufacturer of aluminum and vinyl products for the home, from Linsalata Capital Partners. Pricing on the deal is LIBOR plus 2 1/2%. The sale is expected to close by early March.

Based in Kearney, Mo., Ply Gem manufactures products for the outside of buildings such as fencing, siding, railing, decking, windows and doors. The company operates in all 50 states and parts of Western Canada. Calls to UBS, Deutsche Bank and Ply Gem were not returned. A spokesman at JPMorgan declined comment as did a spokesman at Alenco.

  • 10 Feb 2006

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1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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1 Citi 128,786.28 373 11.27%
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3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%