debt
confidence high
sentiment neutral
materiality 0.70
MasterBrand announces $700M senior notes offering to fund Supreme acquisition
MasterBrand, Inc.
- $700M senior notes due 2032; net proceeds plus new revolver and cash to fund Supreme acquisition and refinance existing term loan.
- Revolver upsized from $500M to $750M in amended credit facility.
- Supreme LTM Q1 2024 net sales $256.6M, adj. EBITDA $55.7M; expect $10.2M synergies within 18 months.
- Pro forma total debt $1.143B, cash $53.7M as of March 31, 2024.