secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2026-08-19T20:21:24+00:00
Accession:  0000930413-26-002595
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000093041326002595/0000930413-26-002595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000093041326002595/c117477_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-26-002595

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