Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 5.750

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Dec 12 9:30 AM EST

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To: richardred who wrote (2008)	4/1/2008 1:18:48 AM
From: richardred	Read Replies (1) of 7253

Griffon Subsidiary Gets $100M Facility Monday March 31, 5:03 pm ET Griffon Unit Telephonics Corp. Gets $100 Million Revolving Credit Facility JERICHO, N.Y. (AP) -- Engineering company Griffon Corp. on Monday said its subsidiary Telephonics Corp. entered into a $100 million revolving credit facility with JPMorgan Securities Inc. The facility is for five years. Griffon ended its existing credit facility and repaid $62.5 million of outstanding debt, with $50 million under the new credit facility and internal cash. Griffon said it is seeking a facility for its other subsidiary, Clopay Corp. Shares of Griffon fell 26 cents, or 2.9 percent, to close at $8.60. biz.yahoo.com

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