secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2026-08-04T12:35:25+00:00
Accession:  0001628280-26-052181
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon closes sale of AMES Australasia to JV; receives $181M cash, $49M PIK note, 49% stake
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- Received AUD $258M ($181M) cash and AUD $69.3M ($48.6M) PIK note at 10% interest, maturing in 6-10 years.
- Griffon holds 49% equity in JV; management-led group holds 51%.
- Repaid $285M Term Loan B with proceeds and revolver borrowings.
- Pro forma financials reflect removal of AMES Australasia and AMES North America as discontinued ops.
- AMES U.K. wind-down also completed; assets held for sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000162828026052181/0001628280-26-052181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000162828026052181/gff-20260731.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-052181

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