MasterBrand Prices $700M Senior Notes Offering At 7.00% Due 2032; Expected To Settle Around June 27, 2024
Portfolio Pulse from Benzinga Newsdesk
MasterBrand has priced a $700 million senior notes offering at 7.00% due in 2032, with settlement expected around June 27, 2024.
June 20, 2024 | 5:58 pm
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MasterBrand has announced the pricing of a $700 million senior notes offering at 7.00% due in 2032, with settlement expected around June 27, 2024. This move is likely aimed at raising capital for future investments or debt refinancing.
The issuance of senior notes at a fixed interest rate of 7.00% indicates that MasterBrand is securing long-term financing, which could be used for growth initiatives or to manage existing debt. This is generally seen as a positive move for the company's financial stability and future prospects.
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