MasterBrand to offer $700M senior notes to fund Supreme Cabinetry deal

Cabinets from Dura Supreme. The company is part of Supreme Cabinetry, which is part of an acquisition deal with MasterBrand.

Photo By Dura Supreme

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.

 

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Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).