Masonite’s $375 Million Senior Notes Offering

Simpson Thacher advised Masonite International Corporation on the deal.

Masonite International Corporation (“Masonite”) executed the 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 (Picture), 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).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; Sydney Mark – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Masonite International Corporation;

Author: Martina Bellini