Commercial aircraft leasing and alternative asset management company Griffin Global Asset Management announced the closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million of senior unsecured notes.

The offering comprises $400 million of 8% senior unsecured notes due 2027. The notes will be guaranteed by Griffin Global Asset Management Holdings and certain of its subsidiaries. Griffin Global Asset Management will use proceeds from the issuance to finance the acquisition of new aircraft deliveries.

“We are very pleased to announce the closing of our latest $400 million unsecured notes offering. We are grateful for the support from our investors as the Griffin platform continues to expand,” John Beekman, CFO of Griffin Global Asset Management, said. “Griffin has raised nearly $2 billion of unsecured capital in 2023, comprised of our $1 billion unsecured notes in June, a $525 million unsecured revolving credit facility in August and this $400 million unsecured notes offering. We remain committed to funding our best-in-class aircraft portfolio with predominately unsecured capital as we work towards achieving investment grade ratings.”