Griffin closes $400 million senior notes offering

Griffin Global Asset Management has successfully closed an offering of $400 million senior unsecured notes due 2030, with a 5.875% coupon on September 24, 2024. The notes were priced at par. The bond was priced at treasuries plus 241 basis points (bps). The notes will be guaranteed by Griffin Global Asset Management Holdings and some of its subsidiaries. Proceedings from the issuance will be used for general corporate purposes, which may include financing the acquisition of new aircraft deliveries and future repayment of outstanding indebtedness. “This issuance reaffirms our unwavering commitment to the unsecured capital markets and brings our total