Griffon plans $225 million five-year revolver led by JPMorgan

By Sara Rosenberg

New York, March 14 - Griffon Corp. has received a commitment for $225 million five-year revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

J.P. Morgan Securities LLC is the lead bank on the deal and has agreed to provide $50 million of the revolver.

Proceeds will be used to replace/amend an existing $200 million revolver to increase the size, extend the maturity and reduce pricing.

The revolver commitment is subject to the remaining $175 million being syndicated and closing occurring before April 12.

Griffon is a New York-based diversified management and holding company.

© 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.