Griffon closes $800M 6.25% notes due 2034; extends revolver to 2031

GRIFFON CORP

Completed $800M private placement of 6.25% senior notes due Oct 1, 2034; net proceeds ~$792M.
Third Amendment to credit agreement: new $500M revolving facility, maturity extended to Aug 18, 2031.
Revolver pricing: Term SOFR + 1.75% initial margin (range 1.50%-2.50%); commitment fee 0.20%.
Financial covenants: max consolidated leverage 5.50x, senior secured 3.50x, min interest coverage 2.00x.
Notes redeemable up to 40% with equity offering proceeds at 106.25%; change-of-control repurchase at 101%.

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