Treasury
3-MO 3.91% +8bp 6-MO 4.02% +4bp 1-YR 4.07% -1bp 2-YR 4.25% -3bp 3-YR 4.32% -2bp 5-YR 4.40% -5bp 7-YR 4.54% -5bp 10-YR 4.70% -5bp 20-YR 5.23% -5bp 30-YR 5.23% -4bp 3-MO 3.91% +8bp 6-MO 4.02% +4bp 1-YR 4.07% -1bp 2-YR 4.25% -3bp 3-YR 4.32% -2bp 5-YR 4.40% -5bp 7-YR 4.54% -5bp 10-YR 4.70% -5bp 20-YR 5.23% -5bp 30-YR 5.23% -4bp 3-MO 3.91% +8bp 6-MO 4.02% +4bp 1-YR 4.07% -1bp 2-YR 4.25% -3bp 3-YR 4.32% -2bp 5-YR 4.40% -5bp 7-YR 4.54% -5bp 10-YR 4.70% -5bp 20-YR 5.23% -5bp 30-YR 5.23% -4bp 3-MO 3.91% +8bp 6-MO 4.02% +4bp 1-YR 4.07% -1bp 2-YR 4.25% -3bp 3-YR 4.32% -2bp 5-YR 4.40% -5bp 7-YR 4.54% -5bp 10-YR 4.70% -5bp 20-YR 5.23% -5bp 30-YR 5.23% -4bp 3-MO 3.91% +8bp 6-MO 4.02% +4bp 1-YR 4.07% -1bp 2-YR 4.25% -3bp 3-YR 4.32% -2bp 5-YR 4.40% -5bp 7-YR 4.54% -5bp 10-YR 4.70% -5bp 20-YR 5.23% -5bp 30-YR 5.23% -4bp 3-MO 3.91% +8bp 6-MO 4.02% +4bp 1-YR 4.07% -1bp 2-YR 4.25% -3bp 3-YR 4.32% -2bp 5-YR 4.40% -5bp 7-YR 4.54% -5bp 10-YR 4.70% -5bp 20-YR 5.23% -5bp 30-YR 5.23% -4bp
US Treasury par yield curve · Aug 3 · Source: U.S. Treasury
Tuesday, August 4, 2026
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Griffon has closed the sale of AMES Australasia, and the consideration comes in three parts, only one of which is cash

Money & World
The Editorial Team ·
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Forty nine percent of what it sold, Griffon still owns.

The company told the Securities and Exchange Commission on Tuesday morning that it closed the sale of its AMES Australasia business on 31 July into a joint venture formed with an investment group led by the management of that business. Griffon received AUD 258m in cash at closing, which the filing converts to USD 181m. It also received a note for AUD 69.3m, or USD 48.6m, issued by the joint venture's ultimate parent. And it kept 49 percent of the equity.

The other 51 percent is held by an investment group the filing says is led and controlled by Simon Hupfeld, the executive chairman of the business being sold.

The note does not pay anything

Interest on it accrues at 10 percent a year, calculated daily on a 365-day basis, and the filing says it is automatically capitalised and added to the outstanding amount. No cash moves. The balance grows and the money arrives whenever the note is finally settled, which makes the second largest piece of the consideration a claim rather than a receipt.

The press release attached to the same filing rounds that note to "$49 million". Item 2.01 of the filing itself puts it at USD 48.6m, against AUD 69.3m, which is the number the agreement actually uses.

Two details in the side letter

The parties agreed on the closing date that the independent director they had planned to seat on the joint venture's board before completion would instead be nominated within 30 business days afterwards. Until that happens the board runs with four directors rather than five. They also agreed that Griffon will advance certain fees and expenses on the third-party debt financing, which the filing says are the joint venture's obligation and will be reimbursed to Griffon on an agreed schedule.

Griffon's own announcement names Goldman Sachs & Co. LLC as financial advisor to Griffon and says the same firm provided committed debt financing for the joint venture. Houlihan Lokey Capital, Inc. is named separately as financial advisor to Griffon's board.

The document: Griffon Corporation Form 8-K, Items 1.01 and 2.01, filed 4 August 2026, accession 0001628280-26-052181.

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