Griffon is seeking to raise around $500 million in a sale of senior notes. It intends to use the proceeds to repay and terminate its senior secured term loan facility, to pay down any outstanding borrowings under its senior secured revolving credit facilities, to pay related fees and expenses and for general corporate purposes. Securities of the New York-based diversified manufacturing company will be due in 2018. The bonds will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries.

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