Cahill Represents Initial Purchasers in $850 Million Notes Offering and Dealer Managers in Related Tender Offers for Griffon Corporation
Date: 02/19/20
Cahill represented the initial purchasers in connection with a Rule 144A offering of $850,000,000 aggregate principal amount of 5.75% senior notes due 2028 by Griffon Corporation, a multinational diversified management conglomerate, which conducts business through its wholly-owned subsidiaries, The AMES Companies, ClosetMaid, Clopay Building Products, CornellCookson, and Telephonics Corporation. Proceeds from the offering were used to fund the purchase for cash of certain of Griffon Corporation’s outstanding debt securities in a concurrent tender offer, to pay related fees and expenses in connection with the offering and the tender offer, and to redeem certain of Griffon Corporation’s existing notes not tendered in the tender offer.