UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 24, 2018 (September 18, 2018)
PGT Innovations, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-37971 | 20-0634715 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 1070 Technology Drive | ||
| North Venice, Florida | 34275 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (941) 480-1600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01. | Other Events. |
On September 18, 2018, PGT Innovations, Inc. (the “Company”) repaid $152.0 million of the principal amount of its Term B term loan facility that is part of the 2016 Credit Agreement the Company entered into in February 2016, as well as approximately $1.2 million of related accrued interest. These payment amounts were funded with the net proceeds from the Company’s public offering and sale of 7,000,000 shares of the Company’s common stock, par value $0.01 per share, at a price to the public of $23.00 per share. On September 18, 2018, the face value of its Term B term loan facility outstanding under the Company’s 2016 Credit Agreement was $72.0 million after the $152.0 million repayment referenced above.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PGT Innovations, Inc. | ||||||||
| Date: September 24, 2018 | By: | /s/ Brad West | ||||||
| Name: Brad West | ||||||||
| Title: Sr. Vice President and Chief Financial Officer | ||||||||