Loan & DebtAug 11, 2026, 04:15 PM
Griffon Prices $800M Senior Notes Due 2034 at 6.25%
AI Summary
Griffon Corporation announced the pricing of an $800 million aggregate principal amount of 6.25% senior notes due 2034. The sale is anticipated to close on August 18, 2026. The company intends to use the net proceeds from this offering, along with cash on hand and revolver borrowings, to redeem all of its outstanding $975 million 5.75% Senior Notes due 2028 and cover related fees and expenses.
Key Highlights
- Griffon priced $800 million aggregate principal amount of senior notes.
- The new senior notes have an interest rate of 6.25% and are due in 2034.
- The sale of the notes is expected to close on August 18, 2026.
- Proceeds will redeem $975 million of outstanding 5.75% Senior Notes due 2028.
- The offering was a private placement to qualified institutional buyers.
Price Impact
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