Oldcastle BuildingEnvelope Completes Refinancing, Strengthening Liquidity and Supporting Long-Term Growth
DALLAS–(BUSINESS WIRE)–Oldcastle BuildingEnvelope, Inc. (“OBE”), a North American manufacturer, fabricator and distributor of architectural hardware, glass and glazing systems, today announced the completion of a comprehensive refinancing that provides OBE with $300 million of new capital, reduces its annual cash interest expense by approximately $50 million and extends its debt maturities to 2031. The transaction strengthens OBE’s financial position and provides additional resources to inves