Fortune Brands Home & Security, Inc., the parent company of Therma-Tru entry door systems and Master Lock and SentrySafe security products, announced on Monday that it priced a $900 million registered public offering of senior unsecured notes. The company intends to use the proceeds to pay down its debt and for general corporate purposes.

“Our recent acquisition of Norcraft was not only strategic for our cabinets segment, but also provided an opportunity to secure long-term debt,” said Lee Wyatt, chief financial officer, Fortune Brands. “Our solid business model, consistent cash flow and strong balance sheet support the investment grade ratings received from all three rating agencies. Importantly, with the proceeds used to pay down our revolver, we will have significant financial flexibility to drive incremental growth.”

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