Aug 19, 4:21 PM ET
On August 18, 2026, Griffon completed an $800 million private offering of 6.25% senior notes due October 1, 2034, with net proceeds of approximately $792 million. The same day it entered a Third Amendment that replaces its $500 million revolving credit facility and extends that facility's maturity to August 18, 2031. The filing adds new long-term debt and secured borrowing terms, which shareholders should weigh against the company's existing obligations.
- Notes: $800 million principal, 6.25% annual interest paid semi-annually, maturing October 1, 2034; net proceeds about $792 million.
- Revolving credit facility: $500 million, maturity extended to August 18, 2031; initial Term SOFR margin of 1.75%.
- Revolver is secured by liens on substantially all assets of the company and guarantors; maintenance tests include a maximum 5.50 to 1.00 consolidated leverage ratio.
- Bank of America, N.A. is administrative agent for the credit agreement; BofA Securities was representative of the notes initial purchasers.
Read the filing on SEC.gov ↗
Aug 11, 4:08 PM ET
Griffon Corporation agreed on August 10, 2026 to sell $800 million of 6.25% senior notes due 2034 to initial purchasers led by BofA Securities. The company said it intends to use the net proceeds to redeem all of its outstanding 5.750% senior notes due 2028, plus pay related fees, premiums and accrued interest. The filing does not state the effect on interest expense or leverage.
- Principal amount: $800 million of 6.250% senior notes due 2034, guaranteed by subsidiaries
- Purpose: redeem all outstanding 5.750% senior notes due 2028 and pay related fees and expenses
- Agreement dated August 10, 2026; press release on pricing issued the same day
- Notes sold without SEC registration, under exemptions from the Securities Act of 1933
Read the filing on SEC.gov ↗
Aug 5, 7:46 AM ET
Griffon reported fiscal third-quarter 2026 revenue of $481.4 million, up 7% from a year earlier, with income from continuing operations of $66.3 million, or $1.47 per diluted share, compared with a loss in the prior-year quarter that included a goodwill and intangible impairment. The company also gave fiscal 2026 revenue and adjusted EBITDA expectations of $1.8 billion and $458 million, which matter to shareholders as a current view of full-year performance.
- Revenue was $481.4 million, up 7% from $449.7 million, driven by price and mix of 6% and volume of 1%.
- Adjusted EPS from continuing operations was $1.51, versus $1.39 a year earlier; adjusted EBITDA was $124.8 million, up 2% from $122.3 million.
- Leverage was 2.2x net debt to EBITDA at June 30, 2026; the company repurchased shares for $53.2 million during the quarter, with $193.8 million remaining under its authorization.
- Fiscal 2026 outlook: revenue of $1.8 billion, adjusted EBITDA of $458 million, and interest expense now expected to be $80 million.
Read the filing on SEC.gov ↗
Aug 4, 8:35 AM ET
On July 31, 2026, Griffon closed the sale of its AMES Australasia business to a joint venture led by the business's management with Australian financial investors. Griffon received $181 million in cash, a PIK note with a face value of AUD 69.3 million (USD $48.6 million), and a 49% indirect equity interest, and it used proceeds to repay the remaining $285 million of Term Loan B.
- Cash received at closing: AUD 258 million (USD $181 million)
- PIK note from the joint venture: AUD 69.3 million (USD $48.6 million), 10% annual interest, capitalized, maturing up to 10 years from issuance
- Griffon holds 49%; Simon Hupfeld, the Executive Chairman of the business, leads and controls the remaining 51%
- Griffon repaid the remaining $285 million of Term Loan B on July 31, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.