NEW YORK — Cabinetworks Group has successfully closed financing transactions, including securing approximately $100 million of additional liquidity and extending existing maturities, supported by the vast majority of its creditors.

Cabinetworks Group’s affiliate ACProducts Holdings Inc. entered into a series of financing transactions  with approximately 98% of lenders under the company’s existing senior secured term loan facility, with holders of approximately 96% of the outstanding principal amount of its existing unsecured notes due 2029 and with all the lenders under the company’s existing asset-based loan facility. 

Key creditors injected $100 million in new cash and exchanged their old debt for new, second-priority debt due in November 2031, allowing the company to extend its debt maturities, pay fees, and improve liquidity.

In addition, the committed noteholders agreed to exchange, on a cashless basis, all of their existing notes currently outstanding into senior secured notes due 2032 pursuant to the private notes exchange and consent to the amendment of the existing notes and the related supplemental indenture. The exchanges are scheduled to close on May 18, 2026.

“We are extremely pleased with the success of our debt refinancing and the strong support for the transactions from our debt investor base,” said Larry France, CFO of Cabinetworks Group. “By successfully extending debt maturities, and with the additional liquidity these transactions provide, we move forward with the flexibility to focus on our core businesses, execute on our long-term growth strategy and continue to support our partners and customers.”

The proceeds of the "Financing Transactions" were used to fund the payment of accrued and unpaid interest and pay transaction fees and expenses. The remaining proceeds will remain on balance sheet and enhance the Company’s liquidity position.