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Graham Prices $500 Million Notes Offering

BY MT Newswires | CORPORATE | 11/13/25 05:59 PM EST

05:59 PM EST, 11/13/2025 (MT Newswires) -- Graham (GHC) said late Thursday it priced a $500 million private offering of 5.625% senior unsecured notes due 2033.

The offering is expected to close on Nov. 24

Concurrently, Graham plans to amend its revolving credit facility, increasing total commitments to $400 million. The amendment is linked to the closing of the note offering, the company said.

Net proceeds from the offering, along with borrowings under the amended credit facility, will be used to redeem outstanding 5.75% notes due 2026, refinance existing revolving loans, repay a $150 million term loan facility, and cover related fees, Graham said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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