MasterBrand, Inc. Announces Pricing of Previously Announced Offering of $700 million of 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 has priced its previously announced notes offering (the “Offering”) and has agreed to issue and sell $700 million aggregate principal amount of 7.00% Senior Notes due 2032 (the “Notes”). The Notes are expected to settle on or around June 27, 2024, subject to customary closing conditions.The Notes will be the Company’s unsecured and unsubordinated debt obligations and will be 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 cred
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MBC
News
- MasterBrand Launches Dealer Designer Council, Gains Customer Insights and Provides Community for Dealer DesignersBusiness Wire
- MasterBrand, Inc. Announces Intention to Offer $700 Million 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