M&A
confidence high
sentiment neutral
materiality 0.75
MasterBrand closes American Woodmark merger on May 28, 2026; issues 77M shares and draws $375M debt
MasterBrand, Inc.
- Each AWC share converted into 5.150 MasterBrand shares; total 77,031,379 shares issued.
- MasterBrand drew $375M incremental Term Loan A to refinance AWC's $367.2M existing debt.
- Pro forma combined net sales $4,330M for 52 weeks ended Dec 28, 2025; diluted EPS $0.25.
- Pro forma combined net loss of $25.4M for 13 weeks ended Mar 29, 2026; diluted EPS ($0.13).
- Pro forma goodwill of $1,336M and intangible assets of $829M on combined balance sheet.