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Azek Company Inc AZEK

Consumer Cyclical Home Furnishings & Fixtures
The AZEK Company Inc. is a designer and manufacturer of low-maintenance and environmentally sustainable building products for residential, commercial and industrial markets. The Company operates through two segments: Residential and Commercial. The Residential segment manufactures and distributes decking, rail, pergolas, outdoor structures, exterior trim, siding and accessories through a national network of dealers and distributors and multiple home improvement retailers providing geographic coverage. The Commercial segment manufactures, fabricates and distributes lockers and bathroom partitions. The Company’s products include decking, railing, trim, porch, molding, pergolas, outdoor furniture, bathroom and locker systems. Its residential products brands include AZEK, TimberTech, VERSATEX, ULTRALOX, StruXure and INTEX, while the commercial products brands include Scranton Products, Aria Partitions, Eclipse Partitions, Hiny Hiders partitions, Tufftec Lockers and Duralife Lockers.


NYSE:AZEK - Post by User

Azek Company Inc
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Post by mdaneseon Aug 10, 2021 3:34pm
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Post# 33679537

Issuer Covenant Card: The AZEK Company

Issuer Covenant Card: The AZEK Company Under the ABL facility, if availability is less than the greater of $12.5 million and 10% of the line cap, The AZEK Company Inc. (“Holdings”) must maintain a fixed charge coverage ratio of at least 1x. The covenant testing period continues until availability exceeds such threshold for 30 consecutive days, and equity cures are permitted.This covenant is not currently tested, but if it were, the company would be in compliance. Read the full covenant conclusions here: https://reorg.com/azek-company-financial-covenants/
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