Jeld-Wen parent firm disputes report on debt risk

Date: 23 September 2011
Source: http://www.news-gazette.com
KLAMATH FALLS, Ore. — The parent company of one of Rantoul's largest employers is disputing a newspaper report that says the company is at risk of defaulting on more than $500 million in debt.

The Oregonian of Portland is reporting that Jeld-Wen Inc., Oregon's largest privately held business, has about one month to repair its finances or face potential default on more than a half-billion dollars in loans. It quotes a New York firm that follows distressed companies. Jeld-Wen manufactures doors and windows.

The company operates a manufacturing plant in Rantoul that employs 353.

In a press release, Jeld-Wen officials denied the claim.

Read the full story: www.news-gazette.com/news/business/economy/2011-09-21/jeld-wen-parent-firm-disputes-report-debt-risk.html

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