Cahill Represents Underwriters in Secondary Common Stock Offering for Griffon Corporation
Date: 08/18/20
Cahill represented the underwriters in connection with a secondary offering of common stock by Griffon Corporation and a selling stockholder, resulting in net proceeds to Griffon Corporation of approximately $177.2 million. Griffon Corporation did not receive any proceeds from the sale of common stock by the selling stockholder in the offering. The offering made available 9,200,000 shares of common stock, which includes the full exercise of the underwriters’ over-allotment option. Proceeds from the offering to Griffon Corporation are intended to be used for general corporate purposes and to refinance existing indebtedness. Griffon Corporation is a multinational diversified management conglomerate, which conducts business through its wholly-owned subsidiaries, The AMES Companies, ClosetMaid, Clopay Building Products, CornellCookson, and Telephonics Corporation.