Masonite has cash needed to service $800 million debt due 2026, 2028

By Devika Patel

Knoxville, Tenn., April 1 – Masonite International Corp. has the cash required to service its $800 million of outstanding debt, which consists of notes due in 2026 and 2028, according to its vice president and chief financial officer.

“We presently have two senior unsecured notes tranches that mature in 2026 and 2028, totaling $800 million in debt outstanding, alongside a $250 million revolving credit facility, which remains undrawn,” executive vice president and CFO Russell T. Tiejema said at the company’s 2021 virtual investor day presentation on Thursday.

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

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