Masonite driving by with $100 million tap of its 8¼% notes due 2021

By Paul A. Harris

Portland, Ore., Jan. 15 - Masonite International Corp. plans to price a $100 million add-on to its 8¼% senior notes due April 15, 2021 (existing ratings B3/B+) on Wednesday, according to a market source.

BofA Merrill Lynch is the bookrunner for the Rule 144A and Regulation S for life add-on.

The notes become callable on April 15, 2014 at 106.188.

The Tampa, Fla.-based door manufacturer plans to use the proceeds for general corporate purposes, which may include future acquisitions.

The original $275 million issue priced in April 2011.

A previous $100 million add-on priced in March 2012.

The add-on notes will be immediately fungible with the existing notes.

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