DUBLIN, Ireland, Nov. 28, 2023 – Griffin Global Asset Management (“Griffin”) announces the successful closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million senior unsecured notes.

The offering comprises $400 million of 8% senior unsecured notes due 2027 (the “Notes”). The Notes will be guaranteed by Griffin Global Asset Management Holdings, Ltd. and certain of its subsidiaries. Proceeds from the issuance will be used to finance the acquisition of new aircraft deliveries.

John Beekman, Griffin CFO, commented: “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. Griffin has raised nearly $2.0 billion of unsecured capital in 2023, comprised of our $1.0 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.”

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) 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. persons in offshore transactions in reliance on Regulation S under the Securities Act.