Griffon corporation successfully completes term loan b repricing

New york--(business wire)--griffon corporation (“griffon” or the “company”) (nyse: gff) announced today that it has completed a favorable repricing of the outstanding balance of $459 million of its secured term loan b facility (“term loan b”), which matures in january 2029. the spread above the secured overnight financing rate (“sofr”) will be reduced by 25 basis points and the credit spread adjustment (“csa”) will be removed. the repricing also reduces the applicable sofr floor from 50 to 0 ba.
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