v3.26.1
Debt (Tables)
 6 Months Ended
Jul. 04, 2026
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt
The following table sets forth the components of long-term debt:
July 4, 2026December 31, 2025
($ Amounts in thousands)
Effective Interest RatePrincipal Outstanding
Unamortized Fair Value Adjustment (1)
Unamortized Discount and
Issuance Costs		Carrying AmountPrincipal Outstanding
Unamortized Fair Value Adjustment(1)
Unamortized Discount and
Issuance Costs		Carrying Amount
Term loan facility, due April 20288.57 %$2,463,500 $(133,009)$— $2,330,491 $2,476,500 $(166,962)$— $2,309,538 
Term loan facility, due August 20289.69 %289,500 — (9,237)280,263 291,000 — (11,201)279,799 
Term loan facility, due May 203110.05 %491,250 — (4,128)487,122 493,750 — (4,460)489,290 
6.125% Senior Notes, due January 2029
13.51 %318,699 (50,845)— 267,854 318,699 (58,909)— 259,790 
8.750% Senior Secured Notes, due August 2028
10.61 %710,000 — (21,262)688,738 710,000 — (26,465)683,535 
9.500% Senior Secured Notes, due August 2029
9.88 %500,000 — (4,907)495,093 500,000 — (5,565)494,435 
Total long-term debt$4,772,949 $(183,854)$(39,534)$4,549,561 $4,789,949 $(225,871)$(47,691)$4,516,387 
Reflected as:
Current liabilities - Current portion of long-term debt$34,000 $34,000 
Non-current liabilities - Long-term debt4,515,561 4,482,387 
Total long-term debt$4,549,561 $4,516,387 
Fair value - Senior notes - Level 1 $795,647 $1,084,438 
Fair value - Term loans - Level 21,922,383 2,536,083 
Total fair value$2,718,030 $3,620,521 
(1)    As a result of pushdown accounting in connection with the merger in July 2022, pursuant to which Cornerstone Building Brands became a privately-held company (the “Merger”), the carrying values of the term loan facility due April 2028 and the 6.125% senior notes were adjusted to fair value.
Schedule of Availability Under Credit Facilities
The following table sets forth the Company’s availability under its revolving credit facilities:
July 4, 2026December 31, 2025
(Amounts in thousands)AuthorizedBorrowingsLetters of Credit and Priority PayablesAuthorizedBorrowingsLetters of Credit and Priority Payables
Asset-based lending facility, due May 2029(1)
$850,000 $605,000 $75,398 $850,000 $390,000 $67,450 
Cash flow revolver(2)
92,000 32,000 — 92,000 — — 
First-in-last-out tranche asset-based lending facility, due May 2029(1)
95,000 95,000 — 95,000 95,000 — 
Total$1,037,000 $732,000 $75,398 $1,037,000 $485,000 $67,450 
(1)    The borrowing base under the Company’s asset-based lending facility (the “ABL Facility”) and the first-in-last out tranche asset-based lending facility (collectively, the "ABL Facilities”) is determined by a monthly borrowing base collateral calculation that is based on specified percentages of the previous month’s value of eligible inventory and accounts receivable, less certain allowances and subject to certain other adjustments.
(2)    Cash flow revolver commitment of $92.0 million will mature in May 2029.
Schedule of Interest Rate Swap Agreement The following table sets forth the terms of the Company’s interest rate swap agreements, which matured in April 2026:
($ Amounts in thousands)
Origination dateApril 17, 2023
Maturity dateApril 15, 2026
Fair value at July 4, 2026 - Other assets, net
$—
Fair value at December 31, 2025 - Other assets, net$7,069
Level in fair value hierarchy(1)
Level 2
(1)Interest rate swaps are based on cash flow hedge contracts that have fixed rate structures and are measured against market based Secured Overnight Financing Rate (“SOFR”) yield curves. These interest rate swaps are classified within Level 2 of the fair value hierarchy because they are valued using alternative pricing sources or models that utilized market observable inputs, including current and forward interest rates.