Short answer
GRIFFON CORP (GFF) filed an 8-K current report with the SEC on June 11, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). AMES U.S. and Canada JV closed June 9, 2026, with Griffon retaining a 42.78% Buyer equity interest.
GRIFFON CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- AMES U.S. and Canada JV closed June 9, 2026, with Griffon retaining a 42.78% Buyer equity interest
- Consideration included $100 million cash plus $161.1 million of second-lien loans
- Second-lien debt carries 10.0% payment-in-kind interest and matures December 9, 2029, increasing future repayment obligations
- Debt covenants require total funded debt/adjusted EBITDA of 4.90x initially, stepping down to 4.30x
- Australia sale agreement provides $185 million cash, $50 million subordinated note, and Griffon retaining 49% ownership
Item 7.01 · Regulation FD Disclosure
- No substantive Regulation FD disclosure present in the provided excerpt
- Excerpt contains standard non-incorporation and liability disclaimer language
Item EX-99.1 · Exhibit EX-99.1
- $90M second-lien tranche financing for the Merv Acquisition, funding part of the Ames Acquired Companies purchase price
- Borrower Merv Finco LLC, with guarantees from subsidiaries and collateral over assets securing the first-lien facilities
- Second-ranking security increases recovery protection for lenders but adds leverage and refinancing obligations for GRIFFON
- Original issue discount creates borrowing cost above stated principal and potential tax-reporting implications
- June 9, 2026 closing date; UMB Bank, N.A. serving as administrative agent
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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