Short answer
GRIFFON CORP (GFF) filed an 8-K current report with the SEC on August 19, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation), Item EX-99.1 (Exhibit EX-99.2). $800M senior notes issued at 6.25%, maturing October 1, 2034; net proceeds approximately $792M.
GRIFFON CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $800M senior notes issued at 6.25%, maturing October 1, 2034; net proceeds approximately $792M
- Annual cash interest approximately $50M, with semiannual payments beginning April 1, 2027
- $500M revolving facility extended to August 18, 2031, preserving liquidity and refinancing flexibility
- Revolver pricing initially Term SOFR plus 1.75% or base rate plus 0.75%; undrawn commitment fee initially 0.20%
- Capital expenditure covenant eliminated, but leverage limits of 5.50x and 3.50x remain alongside 2.00x interest coverage minimum
Item 2.03 · Creation of a Direct Financial Obligation
- August 18, 2026 closing of Notes Offering, creating new direct debt obligations
- Amended and Restated Credit Agreement expands or modifies existing borrowing arrangements
- Full debt terms and financial impact contained in Exhibit 99.1 press release
Item EX-99.1 · Exhibit EX-99.2
- Revolving facility refinancing and restatement, replacing existing commitments and repaying existing loans without stated aggregate capacity
- New facility preserves liquidity access while extending lender commitments under a Sixth Amended and Restated Credit Agreement
- Existing loans deemed repaid and reborrowed, with continuing lenders waiving break-funding amounts
- Existing liens, collateral, guarantees and financial obligations remain in force, limiting structural deleveraging
- Closing conditioned on no default, solvency certification, lender fees, accrued interest and required legal documentation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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