Griffon signs $90 million second-lien term loan credit agreement for Merv acquisition

Griffon
UMB Financial

Griffon

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UMB Financial

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  • Griffon entered a Second Lien Tranche A Credit Agreement dated June 9, 2026, with Merv Finco as borrower and UMB Bank as administrative agent.
  • Term loan size USD 90 million, used as part of the purchase price for the Ames acquired companies in the Merv acquisition.
  • Pricing set at 10% per year, payable in kind, compounding quarterly; no scheduled amortization.
  • Maturity set for Dec. 9, 2029; principal and accrued PIK interest due in cash at maturity.
  • Second-lien security over borrower and guarantor assets; JV real property proceeds earmarked to repay Second Lien Tranche B debt first.


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