Masonite International Corporation’s $500 Million Senior Notes Offering

Simpson Thacher recently represented Masonite International Corporation (“Masonite”) in connection with its offering.

The Masonite International Corporation (“Masonite”) offering consisted 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 (Picture), 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.

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Eunice Chang – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Brian Kloeblen – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Charles Clark Warthen – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Masonite International Corporation;

Author: Ambrogio Visconti