Griffin Global Asset Management added Truist Bank with a $50 million commitment into its unsecured revolving credit facility. The transaction closed on Dec. 29, 2023, and increases the amount available in the facility to $575 million.

“I am delighted to announce the addition of Truist to Griffin’s banking group. We have had a long-term relationship with the Truist team and are pleased that they have been able to provide additional borrowing capacity to our RCF. Griffin’s credit profile continues to strengthen as we increase scale and unsecure our balance sheet and we would like to thank our existing banking partners for their continued support,” John Beekman, CFO of Griffin, said.