Griffon Corp completes $800 million 6.25% notes offering due 2034 and amends credit facility
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.