GRIFFON CORP (GFF) Form 8-K — Aug 4, 2026
Griffon Corporation closed the sale of its AMES Australasia business to a joint venture led by the unit's management, receiving $181 million in cash and a $48.6 million PIK note while retaining a 49% equity interest in the new entity. The transaction, which closed on July 31, 2026, follows the earlier divestiture of the AMES North America business and marks the completion of Griffon's strategic shift away from its tools segment. Using the substantial cash proceeds from the sale, Griffon repaid the entire remaining balance of $285 million on its Term Loan B credit facility on the closing date.
Key figures
- Debt Amount
- 285000000
- Cash Received
- 181000000
- Interest Rate
- 10%
- Pro Forma Cash
- 384625000
- Shares Outstanding
- 84746000
- Pik note aud
- 69300000
- Cash proceeds aud
- 258000000
- Pik note value usd
- 48600000
- Equity retained pct
- 49%
Price after filing
Close on the filing date to close N calendar days later (from $93.58). Historical, not a forecast.
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