Press Release
Griffon Corporation Announces Closing of Senior Notes Offering and Early Settlement of Tender Offer and Consent Solicitation
The 2022 Notes are senior unsecured obligations of Griffon and are
guaranteed by certain of its domestic subsidiaries. The 2022 Notes and
related guarantees were offered in a private placement solely to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), or outside
Griffon used a portion of the net proceeds from the sale of the 2022
Notes to repurchase
Griffon also issued a notice of redemption for the remaining outstanding
principal amount of 2018 Notes. On
This press release does not constitute an offer to purchase the 2018 Notes. The Tender Offer is made solely pursuant to the Statement. The Tender Offer is not being made to holders of 2018 Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Holders are urged to read the Statement and related documents carefully before making any decision with respect to the Tender Offer. Holders of 2018 Notes must make their own decisions as to whether to tender their 2018 Notes. Neither Griffon, the Dealer Manager and Solicitation Agent, nor the Tender Agent and Information Agent makes any recommendations as to whether holders should tender their 2018 Notes pursuant to the Tender Offer, and no one has been authorized to make such a recommendation.
Forward-Looking Statements
This communication contains forward-looking statements that may state
Griffon’s or its management’s intentions, beliefs, expectations or
predictions for the future. Such forward-looking statements are subject
to certain risks, uncertainties and assumptions, and typically can be
identified by the use of words such as “intend,” “will,” “expect,”
“estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar
terms. Although Griffon believes that its expectations are reasonable,
it can give no assurance that these expectations will prove to have been
correct, and actual results may vary materially. Factors that could
cause actual results to differ materially from those contemplated above
include, among others, risks and uncertainties related to the capital
markets generally, the anticipated use of proceeds of the offering of
the 2022 Notes, and other factors detailed in filings made by Griffon
with the
Source:
Griffon Corporation
Douglas J. Wetmore
Chief Financial Officer
212-957-5000
712
Fifth Avenue, 18th Floor
New York, NY 10019
or
Investor
Relations:
ICR Inc.
Anthony Gerstein
Senior Vice
President
646-277-1242