US - Masonite files for protection Mar 17, 2009
Masonite International, the door and fibreboard maker, filed for bankruptcy protection yesterday as part of a plan to cut debt by almost $2 billion (R20 billion). Masonite said the reorganisation would enable it to reduce almost all its debt and cut annual cash interest costs by about $145 million. (Business Report, South Africa)
Private Equity Getting Indigestion as Bain Retires Debts of Bloomin' Onion Mar 12, 2009
A year ago, the view from a buyout firm may have been that there were problems in the economy, but their companies were alright, said , a principal at New York- based restructuring firm Loughlin Meghji & Co., which is advising on the workout of KKRs Masonite International, the Mississauga, Ontario-based door and fiberboard maker. The reality of the situation has been made very clear. (Bloomberg)
Prove citizenship to vote Mar 5, 2009
Masonite International, a long-troubled door and fiberboard maker owned by Kohlberg Kravis Roberts, said Tuesday that it plans to file for bankruptcy as part of a debt-restructuring plan. By Big Bucks GOP. (Atlanta Journal-Constitution)
KKR's Masonite to File for Chapter 11 Mar 4, 2009
Canadian door maker Masonite International Inc. said Tuesday it expects to file for bankruptcy protection from creditors as part of a deal with lenders to reduce the company's debt by nearly $2 billion. Masonite, which is majority owned by U.S. leveraged-buyout firm Kohlberg Kravis Roberts, is seeking support for the plan from its broader lender and bondholder constituencies. (ABC News -- Wire)
The smart side of ‘hollowing out' Feb 26, 2009
It wasn't just Alcan and Falconbridge that had been bought up by foreigners, but Inco, Fairmont Hotels, Masonite International, Dofasco, CP Ships, Ipsco, Intrawest and others. Did Canadians lack the spine to protect their own companies from the fearsome foreigners. (Globe and Mail -- Business)
