Masonite Completes $150 Million Add-On Senior Notes Offering
09.27.17
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Simpson Thacher recently represented Masonite International Corporation (“Masonite”) in connection with its add-on offering of $150 million aggregate principal amount of 5.625% Senior Notes due 2023 in a transaction exempt from registration under Rule 144A and Regulation S. Masonite intends to use the net proceeds for general corporate purposes, which may include funding future acquisitions, the repurchase of its common shares pursuant to its share repurchase programs and working capital needs. The offering closed on September 27, 2017.
Masonite is a leading global designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the non-residential building construction markets. Masonite serves more than 7,000 customers in 65 countries.
The Simpson Thacher team included Joseph Kaufman, Tony Rim and Susan Wang (Capital Markets); Jonathan Cantor and John Torrenti (Tax); and Larry Moss and Joo Hyun Lee (Executive Compensation and Employee Benefits).