Masonite Completes $500 Million Senior Notes Offering
07.25.19
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Simpson Thacher recently represented Masonite International Corporation (“Masonite”) in connection with its offering of $500 million aggregate principal amount of 5.375% Senior Notes due 2028 in a transaction exempt from registration under Rule 144A and Regulation S. Masonite intends to use the net proceeds from the sale of the notes to redeem all $500 million aggregate principal amount of its existing 5.625% Senior Notes due 2023, and to pay related premiums, fees and expenses. The offering closed on July 25, 2019.
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 9,000 customers in 64 countries.
The Simpson Thacher team included Joseph Kaufman, Clark Warthen and Brian Kloeblen (Capital Markets); Larry Moss and Joo Hyun Lee (Executive Compensation and Employee Benefits); and Jonathan Cantor and Sarah Julian Duffy (Tax). Summer Associate Eunice Chang also provided valuable assistance.