Moody's affirms Masonite's Ba2 CFR, assigns Ba3 rating to proposed unsecured note offering
Moody's Investors Service assigned a Ba3 rating to Masonite International Corporation's ("Masonite") proposed $300 million of senior unsecured notes due 2026. Concurrently, Moody's affirmed the company's Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating, Ba3 rating on i...Masonite International designs, manufactures and distributes interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Co. manufactures a line of interior doors, including residential molded, flush, stile and rail, louver and commercial and architectural doors; door components for internal use and sale to other door manufacturers; and exterior residential steel, fiberglass and wood doors and entry systems. Co.'s portfolio of brands include Masonite®, Marshfield®, Premdor®, Mohawk®, Megantic®, Algoma®, Birchwood Best®, Lemieux®, Door-Stop™, Harring Doors™ and National Hickman™ .
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