ISSUER:
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Masco Corporation | ||||
TITLE OF SECURITIES:
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Floating Rate Notes due 2010 | ||||
RATINGS:
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Baa1 by Moodys Investors Service, Inc and BBB+ by Standard & Poors Rating Services | ||||
TRADE DATE:
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March 9, 2007 | ||||
SETTLEMENT DATE (T+3):
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March 14, 2007 | ||||
MATURITY DATE:
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March 12, 2010 | ||||
AGGREGATE PRINCIPAL AMOUNT OFFERED:
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$300,000,000 | ||||
PRICE TO PUBLIC (ISSUE PRICE):
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100.000% | ||||
PROCEEDS TO MASCO (BEFORE EXPENSES):
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$298,800,000 | ||||
BENCHMARK:
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3-Month USD LIBOR | ||||
INTEREST RATE:
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3-Month USD LIBOR + .30% | ||||
INTEREST PAYMENT DATES:
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Quarterly on each March 12, June 12, September 12 and December 12 commencing on June 12, 2007 | ||||
DENOMINATIONS:
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$1,000 by $1,000 | ||||
CHANGE OF CONTROL:
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Upon the occurrence of a Change of Control Triggering Event, we will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount plus accrued and unpaid interest to the date of repurchase. | ||||
JOINT BOOKRUNNERS:
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Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. | ||||
CO-MANAGERS:
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Daiwa Securities America Inc., KeyBanc Capital Markets, a division of McDonald Investments, Inc., Lazard Capital Markets LLC | ||||
CUSIP:
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574599BE5 | ||||