M&A
confidence high
sentiment neutral
materiality 0.65
Masonite: 99.51% of 2030 Notes tendered in Owens Corning exchange offer
MASONITE INTERNATIONAL CORP
- Holders tendered $373.2M (99.51%) of outstanding 3.50% Senior Notes due 2030 and delivered consents.
- Masonite entered Fourth Supplemental Indenture to amend covenants; amendments conditional on acquisition close.
- The tender satisfies the requisite consent threshold to approve proposed indenture amendments.
- Owens Corning's acquisition of Masonite remains subject to closing conditions; tender is a key step.