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Masonite Amends, Restates $150MM ABL With Wells Fargo Capital Finance

April 10, 2015, 07:09 AM
Filed Under: Building Supplies

Masonite International Corporation entered into an Amended and Restated $150 million asset-based revolving credit facility, which is secured by the company’s inventory and accounts receivable in the United States and Canada. The company increased the size of the committed facility to $150 million from $125 million, and extended the maturity date of the revolving ABL facility to April 9, 2020 from its prior maturity date of May 17, 2016. As of April 9, 2015, there were no amounts outstanding under the ABL facility.

Wells Fargo Capital Finance, LLC, Bank of America, N.A., Royal Bank of Canada, Deutsche Bank Securities Inc. and Barclays Bank PLC acted as joint lead arrangers and book managers.

Masonite International Corporation is a leading global designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the architectural building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves more than 7,000 customers in 80 countries.

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