Masonite International has filed a pre-packaged bankruptcy in the U.S. and Canada.The plan by the Mississauga, Canada-based door maker, a portfolio holding of New York private equity firm Kohlberg Kravis Roberts, is expected to slash $1.9 billion from its current $2.2 billion debt load. In addition, Masonite expects to save $145 million in annual interest expenses as a result of the reorganization.
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