MasterBrand, Inc. Announces Intention to Offer $700 Million Senior Notes Due 2032
MasterBrand, Inc. (MBC)
Company Research
Source: Business Wire
BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company”) today announced that it intends, subject to market and other customary conditions, to offer (the “Offering”) $700 million aggregate principal amount of Senior Notes due 2032 (the “Notes”), to be issued by the Company and guaranteed on a senior unsecured basis by the subsidiaries that guarantee the Company’s credit facility.The Company intends to use the net proceeds from the Offering, together with borrowings under its new revolving credit facility and cash on hand, to fund the previously announced acquisition of Supreme Cabinetry Brands, Inc. (“Supreme”), refinance the Company’s existing revolving credit facility and Term Loan A credit facility, and pay fees and expenses associated with the refinancing of the existing credit agreement, the issuance and proceeds of the Notes and the acquisition of Supreme.The Notes will be offered only to persons reasonably believed to be qualified institutional buyers
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MBC
News
- MasterBrand Launches Dealer Designer Council, Gains Customer Insights and Provides Community for Dealer DesignersBusiness Wire
- MasterBrand, Inc. Announces Pricing of Previously Announced Offering of $700 million of Senior Notes due 2032Business Wire
- MasterBrand Adds Catherine Courage to Board of DirectorsBusiness Wire
- MasterBrand: Kitchen Cabinets Player Reinforces Its Position With Acquisition [Seeking Alpha]Seeking Alpha
- MasterBrand to Acquire Supreme Cabinetry Brands, a Manufacturer of Premier Cabinet BrandsBusiness Wire
MBC
Sec Filings
- 6/27/24 - Form 8-K
- 6/26/24 - Form 11-K
- 6/20/24 - Form 8-K
- MBC's page on the SEC website