Griffon Corporation completed a $800 million private placement of 6.25% senior notes due October 1, 2034, generating approximately $792 million in net proceeds. Concurrently, the company entered into an amendment to its credit agreement that refinances existing revolving commitments with a new $500 million revolving credit facility maturing on August 18, 2031. The amended facility includes a $125 million letter of credit sub-facility and a $200 million multicurrency sub-facility, while eliminating the previous annual capital expenditures financial covenant. Griffon Corporation operates in the home improvement products industry.
