Scotia Capital held a bank meeting last week to launch syndication of the deal backing Kohlberg Kravis Roberts & Co.'s acquisition of Masonite International Corp. The $1.525 billion loan consists of a $350 million revolver priced at LIBOR plus 2 1/2% and a $1.175 billion "B" loan priced at LIBOR plus 2 1/4%. KKR initially offered $3.1 billion to buy the firm last month, but shareholder opposition forced KKR to increase its bid to $3.26 billion (LMW, 2/4). The loan could close during the first or second week of April.