A large shareholder of Jeld-Wen Holding Inc., a Charlotte-based window and door manufacturing company, has filed to sell 12.5 million shares of common stock worth $500 million.

The selling stockholders, Onex Partners Managers LP and its affiliates, will offer a 30-day option for underwriters to purchase up to 1.87 million additional shares of common stock.

If underwriters exercise this option, it will decrease the amount of common stock ownership post-offering in Jeld-Wen of Onex managed investment funds from 33 percent to 31.3 percent.

Barclays, Citigroup, Credit Suisse, J.P. Morgan, Goldman Sachs and Baird are acting as joint book-running managers for the offering, while BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets, and Wells Fargo Securities are co-managers.

Jeld-Wen will not sell any shares during this offering and will not receive any proceeds of the sale of stock by Onex Managing Partners.

Jeld-Wen is listed on the New York Stock Exchange under the ticker symbol, JELD. The stock is currently trading at $34.60, down 2.56 percent from Monday’s close.

The prospectus filed with the Securities and Exchange Commission by Jeld-Wen Holding Inc. can be found here.