Griffon to pay down revolver with $125 million add-on notes’ proceeds

By Wendy Van Sickle

Columbus, Ohio, May 13 – Griffon Corp. plans to repay a portion of the borrowings outstanding under its revolving credit facility with an add-on offering of $125 million of senior notes due 2022, according to a press release.

Subsequently Griffon said, it may reborrow amounts repaid under the revolver for general corporate purposes, including acquisitions and share repurchases.

Griffon is a New York-based management and holding company that conducts its business through three segments: home and building products, telephonics and plastics.

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