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image credit: Mike Mozart / Flickr

BofA Upsizes Griffon Revolver to $400MM

January 31, 2020

Griffon amended its revolving credit facility, increasing the size from $350 million to $400 million and extending the maturity from March 22, 2021 to March 22, 2025.

Bank of America acts as administrative agent under the new credit facility, which provides for revolver borrowings in an aggregate principal amount of up to $400 million, and contains a $100 million letter of credit sub-facility (increased from $50 million), and a $200 million foreign currency sub-facility (increased from $100 million).

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