Lenders Give Masonite More Time

February 3, 2009

Masonite International Inc. reports it has entered into further extensions of its forebearance agreements, giving the company more time "to develop an appropriate capital structure to support its long-term strategic plan and business objectives." The previous agreements were set to expire at the end of January.

The latest agreements extend Masonite's deadline to February 9 with its bank lenders, and to February 13, 2009 with another group of other debt holders.