Griffon to pay off senior secured loan, revolver with note proceeds

By Susanna Moon

Chicago, March 7 - Griffon Corp. said it plans to repay and terminate its senior secured term loan facility and intends to pay down any outstanding borrowings under its senior secured revolving credit facilities.

Funding for the paydown will come from $500 million principal amount of senior notes due 2018 that the company plans to issue through a private placement.

New York-based Griffon is a management and holding company that conducts business through its subsidiaries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.