Reported Earlier, Griffon Prices $800M Notes At 6.25% To Refinance $975M Outstanding 2028 Notes And New Credit Facility
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Why It Matters
Griffon borrowed $800 million by selling IOUs (called notes) that pay 6.25% interest yearly. They're using this money to pay back older IOUs that were due in 2028, so they have more time to repay.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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