Griffin closes $1bn warehouse facility

Palisade Aviation Holdings Warehouse Ltd. and Palisade Aviation Holdings Warehouse LLC have closed a five-year senior secured warehouse facility with an initial committed amount of $1bn. The borrowers were jointly established by Griffin Global Asset Management and funds managed by Bain Capital Credit, as part of a joint venture focused on building a diversified aviation portfolio in conjunction with a world-class commercial aviation leasing and alternative asset management platform. The facility includes innovations that provide the borrowers with maximum flexibility to offer its airline partners a variety of financing solutions, ranging from operating leases to finance leases to direct loans