HOUSTON, May 2, 2017 /PRNewswire/ -- NCI Building
Systems, Inc. (NYSE: NCS) ("NCI" or the "Company"), a leading
manufacturer of metal building products, announced today that the
Company has amended and extended its Existing Term Loan Facility or
the "Facility."
The recently closed amendment provides several benefits to NCI
including (i) an extension of the final maturity by three years to
June 24, 2022 and (ii) a reduced
interest rate margin of 25 basis points on LIBOR borrowings from
3.25% to 3.00% (LIBOR, not less than 1.00%).
The amended Facility included the participation of sixteen
financial institutions with total outstanding principal of
$144.15 million, the same amount
outstanding prior to the amendment.
Forward-Looking Statements
This press release contains
"forward-looking statements" within the meaning of the federal
securities laws. Forward-looking statements are subject to known
and unknown risks and uncertainties, many of which may be beyond
our control. "Forward-looking statements" include all statements
that do not relate solely to historical or current facts, and can
be identified by the use of words such as "may," "might," "will,"
"could" "should," "estimate," "project," "plan," "anticipate,"
"expect," "intend," "outlook," "seek," "designed," "assume,"
"implied," "believe" and other similar expressions. Important
factors that could cause actual results to differ materially from
these forward-looking statements include the uncertainties
discussed in the "Risk Factors" section of the Company's SEC
filings, including under Item 1A. "Risk Factors" in the Company's
Annual Report on Form 10-K for the fiscal year ended October 30, 2016 and other risks described in
documents subsequently filed by the Company from time to time with
the SEC. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
These forward-looking statements are based on estimates and
assumptions by our management that, although we believe to be
reasonable, are inherently uncertain and subject to a number of
risks and uncertainties.
Any forward-looking statement presented in this press release is
made only as of the date of this release, and we undertake no
obligation to update or revise any forward-looking statement as a
result of new information, future events or other factors, except
as otherwise required by law.
About NCI Building Systems
NCI Building Systems, Inc. is one of North America's largest integrated
manufacturers of metal products for the nonresidential building
industry. NCI is comprised of a family of companies operating
manufacturing facilities across the
United States, Canada,
Mexico and China with additional sales and distribution
offices throughout the United
States and Canada. For more
information visit www.ncibuildingsystems.com.
Contact:
K. Darcey Matthews
Vice President, Investor Relations
281-897-7785
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SOURCE NCI Building Systems, Inc.