Griffin Global Asset Management Announces Closing of $400

DUBLIN, Ireland, April 03, 2024 — Griffin Global Asset Management announces the successful closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million senior unsecured notes. The notes were priced at par.

The offering comprises $400 million of 6.875% senior unsecured notes due 2029 . The Notes will be guaranteed by Griffin Global Asset Management Holdings, Ltd. and certain of its subsidiaries. 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.

John Beekman, Griffin CFO, commented: “We are delighted to announce the closing of our latest unsecured notes offering. 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 Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended or the securities laws of any jurisdiction and may be offered or sold only in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The Notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.This press release may contain forward-looking statements that involve substantial risks and uncertainties.

Source: Holiday News (holidaynews.net)

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