An announcement from Masonite International (DOOR) is now available.
Masonite has fully repaid its obligations under two major credit agreements as part of a significant transaction that also led to the company’s delisting from the New York Stock Exchange. This move followed the completion of a strategic arrangement which resulted in a board reshuffle and the end of service for several former board members. Additionally, Masonite has amended its executive employment contracts post-arrangement and sold its Architectural reporting segment to IBP Solutions, Inc. for $75 million, marking a transformative period for the company.
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