debt
confidence high
sentiment neutral
materiality 0.65
MasterBrand prices $700M 7.00% Senior Notes due 2032 for Supreme acquisition
MasterBrand, Inc.
- Issued $700 million aggregate principal of 7.00% Senior Notes due 2032.
- Settlement expected on or around June 27, 2024, subject to customary closing conditions.
- Notes are unsecured senior obligations guaranteed by credit facility subsidiaries.
- Proceeds, along with revolver borrowings and cash, will fund Supreme Cabinetry Brands acquisition, refinance existing credit facilities, and pay related fees.
- Offering is private under Rule 144A and Regulation S; notes not registered under Securities Act.