Moody's: Masonite add-on notes B3

Moody's Investors Service said it assigned a B3 rating to $100 million of 8 ¼% add-on senior unsecured notes due 2021 issued by Masonite International Corp.

In a related action, Moody's affirmed the company's B2 corporate family and probability of default ratings as well as the B3 rating on its existing senior unsecured notes.

The outlook remains stable.

Moody's said it expects proceeds of the note offering will be used to finance future acquisitions and for general corporate purposes.

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