Press Releases

04.11.11Masonite International Corporation Announces Upsizing and Pricing of Senior Notes

Tampa, FL, April 11, 2011 – Masonite International Corporation (the "Company") today announced that it increased the size of its offering of senior unsecured notes upon pricing. The Company priced $275 million aggregate principal amount of 8.25% senior unsecured notes due 2021 (the “notes”) at par. The Company intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include funding a return of capital to Masonite Inc.’s shareholders and funding future acquisitions. Subject to customary closing conditions, this offering is expected to close on April 15, 2011.

"We are pleased that our offering was so well received by the capital markets and we are confident this transaction will enable us to deliver against our growth strategy and lead to a more efficient capital structure", said Frederick Lynch, President and Chief Executive Officer.

The notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended or any applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A, and outside the United States in compliance with Regulation S under the Securities Act. Unless so registered, the notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

About Masonite

Masonite Inc. is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to customers in approximately 70 countries around the world. Additional information about Masonite Inc. can be found at www.masonite.com.

Forward-looking Statements

This press release and other written reports and oral statements made by the Company may include forward-looking statements, all of which are subject to risks and uncertainties. One can identify these forward-looking statements by their use of words such as "will", "may", "might", "expects", "plans", "would", "estimates", "intends", "forecasts", "projects" and other words of similar meaning, or by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. All forward-looking statements in this document are qualified by these cautionary statements. These forward-looking statements are likely to address, but may not be limited to, the Company’s offering of $275 million in aggregate principal amount of the notes and its intention regarding the use of the net proceeds of the offering. Readers must carefully consider any such statements and should understand that such statements are based on management’s current estimates and assumptions and are subject to many factors, risks and uncertainties which could cause actual results and developments to differ materially from the Company's forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other known and unknown risks and uncertainties, including: general economic, market and business conditions; levels of construction and renovation activity; competition; financing risks; ability to manage expanding operations; commitments; new services; retention of key management personnel; environmental and other government regulation; and other factors disclosed by the Company in its filings from time to time.

No forward-looking statement can be guaranteed and actual future results may vary materially. Therefore, we caution you not to place undue reliance on our forward-looking statements. The Company disclaims any responsibility to update these forward-looking statements, whether as a result of new information, future events or otherwise unless required by applicable law.