MasterBrand, Inc. Announces Intention to Offer $700 Million Senior Notes Due 2032
2024年6月17日 - 8:38PM
ビジネスワイヤ（英語）
MasterBrand, Inc. (NYSE: MBC, the “Company”) today announced
that it intends, subject to market and other customary conditions,
to offer (the “Offering”) $700 million aggregate principal amount
of Senior Notes due 2032 (the “Notes”), to be issued by the Company
and 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 credit agreement, the issuance and proceeds of the Notes
and the acquisition of Supreme.
The Notes will be offered only to persons reasonably believed to
be qualified institutional buyers in reliance on Rule 144A under
the Securities Act of 1933, as amended (the “Securities Act”), and
outside the United States, only to certain non-U.S. investors
pursuant to Regulation S under the Securities Act. The Notes and
the related guarantees will not be registered under the Securities
Act or any state securities laws and may not be offered or sold in
the United States absent registration or an applicable exemption
from the registration requirements of the Securities Act and
applicable state laws.
This press release is for informational purposes only and does
not constitute an offer to sell the Notes, nor a solicitation for
an offer to purchase the Notes or any other securities, nor shall
there be any sales of Notes or other securities, in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About MasterBrand:
MasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of
residential cabinets in North America and offers a comprehensive
portfolio of leading residential cabinetry products for the
kitchen, bathroom and other parts of the home. MasterBrand products
are available in a wide variety of designs, finishes and styles and
span the most attractive categories of the cabinets market: stock,
semi-custom and premium cabinetry. These products are delivered
through an industry-leading distribution network of over 4,400
dealers, major retailers and builders. MasterBrand employs over
12,000 associates across more than 20 manufacturing facilities and
offices.
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version on businesswire.com: https://www.businesswire.com/news/home/20240616809912/en/
Investor Relations: Investorrelations@masterbrand.com
Media Contact: Media@masterbrand.com
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