Masonite draws down on revolver to fund portion of Endura purchase

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Masonite International Corp. drew down on its asset-based revolving credit facility to fund a portion of its acquisition of Endura Products, according to a news release.

As previously reported, the company also used proceeds of a new $250 million senior secured five-year delayed-draw term loan facility to fund the acquisition, the completion of which was announced on Tuesday. Additional funding came from cash on hand.

Masonite is a Tampa, Fla.-based manufacturer and distributor of interior and exterior doors and door systems. Endura is a Colfax, N.C.-based manufacturer of high-performance door frames and door system components.

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