debt
confidence high
sentiment neutral
materiality 0.50
Griffon launches $800M senior notes offering due 2034 to redeem 2028 notes
GRIFFON CORP
- $800M aggregate principal of senior notes due 2034 in private placement.
- Proceeds, plus cash and revolver borrowings, to redeem all 5.75% senior notes due 2028.
- Notes are senior unsecured obligations, guaranteed by domestic subsidiaries.
- New revolving credit facility expected to close substantially concurrently with offering.
- Offering to qualified institutional buyers under Rule 144A and Reg S.