Griffin Global Asset Management has successfully closed by GGAM Finance of an offering of an aggregate principal amount of $400 million of 6.875% senior unsecured notes due 2029. The notes were priced at par.
""We are delighted to announce the closing of our latest unsecured notes offering,"" said Griffin CFO John Beekman. ""This issuance reflects our fourth visit to the capital markets in under a year and brings our total volume of unsecured notes issued to over $2 billion. We were thrilled with the strong market demand for this offering and would like to thank all our stakeholders, existing and new, as we continue to grow our business in a thoughtful and deliberate manner.""
The proceeds from the issuance will be used for general corporate purposes, which may include financing the acquisition of new aircraft deliveries and the future repayment of outstanding indebtedness.
Griffin successfully closes $400 million senior unsecured notes offering
