debt
confidence high
sentiment neutral
materiality 0.60
Griffon prices $800M of 6.25% senior notes due 2034; proceeds to redeem 2028 notes
GRIFFON CORP
- $800M aggregate principal of 6.250% senior notes due 2034; sold via BofA Securities as rep of initial purchasers.
- Proceeds used to redeem all outstanding 5.750% senior notes due 2028, plus fees and accrued interest.
- Notes offered under private placement exemptions; not registered under Securities Act.
- Guarantees from named guarantors; indenture with Computershare Trust as trustee.
- Purchase agreement includes customary indemnification and contribution obligations.