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Janus International ( NYSE: JBI ) has paid down $50M in debt against the first lien term loan facility using cash on hand.
“We continue to generate strong cash flow in our business, enabling us to deploy capital opportunistically. This paydown helps us reduce interest expense and maintain net leverage in our stated target range of two to three times net debt-to-trailing twelve month Adjusted EBITDA,” said Anselm Wong, Chief Financial Officer.