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Masonite International upsizes and prices offering of USD125m senior notes add-on.

M2 EQUITYBITES-January 16, 2014-Masonite International upsizes and prices offering of USD125m senior notes add-on


Masonite International Corporation (NYSE:DOOR), a manufacturer and marketer of interior and exterior door products, increased the size of its earlier offering of 81/4% senior unsecured notes due 2021 (the add-on notes) to USD125m upon pricing, it stated on Wednesday.

This issue will constitute an add-on to the USD275m aggregate principal amount of same above senior notes that were issued on 15 April 2011 and the USD100m aggregate principal amount 81/4% senior notes due 2021 issued on 9 March 2012, forming a single series of debt securities.

Net proceeds will be used for general corporate purposes that may include financing of potential acquisitions and the add-on notes priced at 108.75% plus accrued interest from 15 October 2013, to yield to worst 5.704%.

Settlement of the offering of add-on notes will be completed on 21 January 2014.

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Publication:M2 EquityBites (EQB)
Date:Jan 16, 2014
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