Masonite lifts ABL revolver to $150 million, extends maturity to 2020

By Marisa Wong

Madison, Wis., April 9 – Masonite International Corp. said it entered into an amended and restated $150 million asset-based revolving credit facility on Thursday.

The company increased the size of the committed facility to $150 million from $125 million and extended the maturity date of the revolver to April 9, 2020 from its prior maturity date of May 17, 2016.

As of April 9, there were no amounts outstanding under the ABL facility.

Wells Fargo Capital Finance, LLC, Bank of America, NA, Royal Bank of Canada, Deutsche Bank Securities Inc. and Barclays Bank plc acted as joint lead arrangers and bookrunners.

Based in Tampa, Fla., Masonite designs and manufactures interior and exterior doors for the construction of new residential buildings.

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