peHUB First Read
* Masonite may be the next buyout-backed bust, with Bloomberg reporting that the Canadian doormaker is trying to get its lenders (led by Scotia Bank) to agree to a 30-day reprieve in exchange for higher interest payment and fees. This comes after the company failed to make a scheduled interest payment this past weekend. No wonder KKR has already written this dog down to zero, after paying $1.9 billion for it less than two years ago. * David Bonderman has nothing but kisses for his limited partners. * UK-listed SVG Capital is trying to scale back its payments to parent firm Permira. The primary problem? As of last week, SVG had commitments of £1.25 billion to pay to Permira and others but only £1 billion of cash. * Morning call: U.S. futures slightly lower, commodity and bank stocks take Europe lower, Nikkei sags and Hong Kong dives 4.5 percent. * One-third of all deals announced in 2008 have either been canceled or have so far failed to close, according to UBS.
