Griffin Global Asset Management Upsizes Warehouse Facility to $2B

Griffin Global Asset Management, through Palisade Aviation Holdings Warehouse and Palisade Aviation Holdings, upsized its senior secured warehouse facility to $2 billion. The facility now has 12 lenders, including new banking partners Citibank and Sumitomo Mitsui Banking and an additional commitment from Bank of Montreal.

“We are pleased to announce the upsizing of our warehouse facility to $2 billion, which doubles the size of the initial facility that was closed in 2021,” John Beekman, CFO of Griffin Global Asset Management, said. “Griffin has continued to expand our banking group with the addition of Citi and SMBC along with the increased commitment from Bank of Montreal. The size and flexibility of this credit facility allows us to provide efficient financing solutions for our growing list of airline customers.”

Goldman Sachs Lending Partners, Bank of America, Barclays Bank, Mizuho Bank, Morgan Stanley Bank, PNC Bank, Wells Fargo Bank, Société Générale, Deutsche Bank, Sumitomo Mitsui Banking, Bank of Montreal and Citibank provided commitments for the facility. UMB Bank is acting as the administrative agent and the security trustee.

Hughes Hubbard & Reed acted as U.S. legal advisor to Griffin and the borrowers, while Milbank acted as legal advisor to the lenders.

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