Griffon reprices $459M Term Loan B, saving ~$1.8M in annual interest

GRIFFON CORP

Interest spread reduced by 25 bps from SOFR+250bps to SOFR+225bps.
Credit spread adjustment (10-25 bps) removed; SOFR floor cut to 0 bps.
Estimated $1.8M annual cash interest savings on $459M outstanding.
Maturity remains January 2029; all other terms substantially unchanged.
CEO cites strong balance sheet for opportunistic repricing.

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