Griffin Global Asset Management, a commercial aircraft leasing and alternative asset management business, closed a three-year, $525 million unsecured revolving credit facility.
Mizuho Bank acted as administrative agent and lead arranger for the unsecured revolving credit facility. Additional joint lead arrangers included BofA Securities, Barclays Bank, Citibank, Goldman Sachs Lending Partners, Morgan Stanley Senior Funding, MUFG Bank, PNC Capital Markets, Société Générale and Sumitomo Mitsui Banking Corporation.
“We are delighted to announce the closing of our unsecured revolving credit facility, which is an important milestone in building an investment grade balance sheet. This $525 million facility provides Griffin Corporate with flexible and attractively priced capital as we continue to deliver new aircraft. We are pleased to have expanded our relationships with both new and existing lenders and we are grateful for the continuing support of our banking group,” John Beekman, CFO of Griffin Global Asset Management, said.
Eleven banks provided commitments for the facility, including Mizuho Bank, Bank of America, Barclays Bank, Citibank, Goldman Sachs Lending Partners, Morgan Stanley Bank, MUFG Bank, PNC Bank, Société Générale, Sumitomo Mitsui Banking Corporation and Bank of Montreal.
Hughes Hubbard & Reed acted as U.S. legal advisors to Griffin, while Milbank acting as legal advisors to the lenders.
