Ply Gem accordion exercise lifts asset-based revolver to $300 million

By Jennifer Chiou

New York, Nov. 25 – Ply Gem Industries, Inc. entered into on Nov. 6 an amendment to its credit agreement with UBS AG, Stamford Branch as U.S. administrative agent, bringing its senior secured asset-based revolving credit facility to $300 million from $250 million, according to an S-4 filing with the Securities and Exchange Commission.

The increase was completed via a partial accordion exercise.

The company may further increase the revolving commitments up to another $50 million.

Ply Gem is a Cary, N.C.-based building products manufacturer.

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