UBS has closed on the loans backing a dividend recap JLL Partners took from PGT Industries. The deal comprises a $25 million revolver priced at LIBOR plus 2 3/4% and a $190 million term loan priced at LIBOR plus 3%. The initial deal included first-lien and second-lien debt that was rolled into first lien during the refinancing.
Located in Nokomis, Fla., PGT manufactures custom windows, doors and patio rooms. The company offers a full line of hurricane products that meet wind-borne debris code requirements for Miami-Dade County in Florida. Todd Waggoner, cfo, referred calls to JLL, which did not return calls.