Jeld-Wen denies bankruptcy reports - KPTV - FOX 12

Jeld-Wen denies bankruptcy reports

Posted: Updated:
PORTLAND, OR (KPTV) -

Oregon's largest privately owned company says it's not facing bankruptcy.

According to Jeld-Wen, the company's agreement to a takeover by a Canadian corporation is on track despite skepticism surrounding a bond sale critical to the deal.

Rating agencies have given the deal "junk bond" status.

Jeld-Wen says it has enough cash to carry on its business and hasn't tried to sell the bonds.

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