American Woodmark Corporation (NASDAQ: AMWD) announced that it intends to offer $350 million aggregate principal amount of senior unsecured notes due 2026 (the "Notes") in a private offering, subject to market and other customary conditions. The Notes will be guaranteed on a senior unsecured basis by certain of American Woodmark's existing domestic subsidiaries. The interest rate, offering price and other terms of the Notes will be determined at the time of pricing of the offering.

On January 25, 2018, RSI Home Products, Inc. ("RSI"), a wholly owned subsidiary of American Woodmark, gave notice that it has elected to conditionally redeem 20% (the "Conditional Redemption"), or $115 million in principal amount, of the $575 million outstanding principal amount of its 6½% senior secured second lien notes due 2023 (the "RSI Notes"). American Woodmark intends to use the net proceeds from the sale of the Notes, together with the proceeds from borrowings under its senior secured credit facilities and cash on hand, to pay the redemption price for the Conditional Redemption and to finance the purchase of the RSI Notes not subject to the Conditional Redemption pursuant to a cash tender offer and consent solicitation by RSI announced today (and for the redemption of any RSI Notes not so purchased), along with related fees and expenses.

About American Woodmark Corporation:

American Woodmark Corporation manufactures and distributes bath, kitchen and home organization products for the remodeling and new home construction markets. Its products are sold on a national basis directly to home centers, major builders and through a network of independent distributors. The Company presently operates 18 manufacturing facilities and 7 service centers across the country. For more information, visit www.americanwoodmark.com.