Masonite to sell $125 million more 5 5/8% notes in Monday drive-by; early guidance 103.5

By Paul A. Harris

Portland, Ore., Sept. 25 – Masonite International Corp. plans to price a $125 million add-on to its 5 5/8% senior notes due March 15, 2023 in a quick-to-market Monday trade, according to a market source.

Initial price talk is 103.5, the source added.

BofA Merrill Lynch is the lead.

Proceeds from the Rule 144A and Regulation S deal will be used for general corporate purposes, which may include future acquisitions, the repurchase of common shares and working capital needs.

Masonite is a Tampa, Fla., designer and manufacturer of interior and exterior doors for the residential new construction market.

The original $475 million issue priced at par in March 2015.

The add-on notes will become fungible with the original notes.

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