Griffon Corporation closed a joint venture of its AMES United States and Canada businesses with Venanpri Tools on June 9, 2026. The transaction involved the sale of AMES equity interests for $100 million in cash, $161.1 million in second lien term loans (Tranche A and B), and a 42.78% equity interest in the buyer. The second lien loans carry a 10.0% payment-in-kind interest rate and mature on December 9, 2029. Additionally, on June 8, 2026, Griffon entered into a Share Sale Agreement to sell its AMES Australasia business via a joint venture, receiving $185 million in cash and a $50 million subordinated note. Griffon will retain a 49% indirect equity interest in the Australasia venture. Griffon Corporation is a consumer products company that manufactures various home and garden tools.
