MasterBrand Inc. announced that it intends, subject to market and other customary conditions, to offer $700 million aggregate principal amount of Senior Notes due 2032, 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., 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.