What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2022-11-18 compared with 2021-11-17 · 7 added, 3 removed, 9 unchanged (53% of the section changed)

2 unchanged sentences

Griffon’s exposure to market risk for changes in interest rates relates primarily to variable interest rate debt and investments in cash and equivalents.

The revolving credit facility and certain other of Griffon’s credit facilities have a LIBOR- and EURIBOR- based variable interest rate.

Due to the current and expected level of borrowings under these facilities, a 100 basis point change in LIBOR or EURIBOR would not have a material impact on Griffon’s results of operations or liquidity.

Griffon's amended and restated Credit Agreement references a benchmark rate with SONIA or SOFR.

In addition, certain other

of Griffon’s credit facilities have a LIBOR and BBSY (Bank Bill Swap Rate) based variable interest rate.

Due to the current

and expected level of borrowings under these facilities, a 100 basis point change in SONIA, SOFR, BBSY, or LIBOR would

not have a material impact on Griffon’s results of operations or liquidity.

Foreign Exchange

4 unchanged sentences

Griffon may, from time to time, hedge its currency risk exposures.

A change of 10% or less in the value of all applicable foreign currencies would not have a material effect on Griffon’s financial position and cash flows.

A change of 10% in the value of all applicable foreign currencies would not have a material effect on Griffon’s financial position and cash flows.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.