Griffon Corporation (NYSE: GFF) announced plans to offer $800 million in aggregate principal amount of senior notes due 2034 through a private placement, subject to market and other conditions.

The notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries.

Griffon said it intends to use the proceeds, along with cash on hand and borrowings under its existing or a new revolving credit facility, to redeem all outstanding 5.75% Senior Notes due 2028 at the applicable redemption price plus accrued and unpaid interest, and to pay related fees and expenses.

The notes and related guarantees are being offered solely to qualified institutional buyers under Rule 144A of the Securities Act of 1933, or outside the United States to non-U.S. persons under Regulation S. The notes will not be registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.