secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0000930413-21-001981
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon acquires Hunter Fan Company for $845M; funded by cash, $750M term loan, $400M revolver
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- Acquires Hunter Fan from MidOcean Partners for $845M, subject to closing adjustments.
- Financing: ~$130M cash, $750M term loan, $400M revolver; Bank of America committed.
- Reverse termination fee of $46.475M payable by Griffon under certain conditions.
- Closing conditioned on antitrust approval; target outside date March 31, 2022.
- Hunter Fan is market leader in residential and commercial ceiling fans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000093041321001981/0000930413-21-001981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000093041321001981/c102681_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-21-001981

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer