Masonite Completes $375 Million Senior Notes Offering
07.28.21
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Simpson Thacher recently represented Masonite International Corporation (“Masonite”) in connection with its offering of $375 million aggregate principal amount of 3.5% Senior Notes due 2030 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 $300 million aggregate principal amount of its existing 5.75% Senior Notes due 2026, and to pay related premiums, fees and expenses, and the remainder for general corporate purposes. The offering closed on July 26, 2021.
Masonite is a leading global designer, manufacturer, marketer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Masonite serves approximately 7,600 customers in 60 countries.
The Simpson Thacher team included Joseph Kaufman, Tony Y. Rim and Sydney Mark (Capital Markets); Larry Moss and Joo Hyun Lee (Executive Compensation and Employee Benefits); and Jonathan Cantor, Michael E. Mann and Eli A. Shalam (Tax). Summer Associate Mark Marzziotti also provided valuable assistance.