Griffin Global Asset Management announces closing of $300m tap of existing senior unsecured notes due 2027

Griffin Global Asset Management has re-opened its existing $400 million 8% senior unsecured notes (due 2027), adding an additional $300 million of senior unsecured notes which were closed on 22 December 2023. Although this combined $700 million of notes (due 15 February 2027) will carry the same coupon rate of 8% per annum, the new notes were priced at 101 to yield 7.636% per annum. “Combined with our inaugural $1 billion unsecured notes issuance in June, our issuance of $400 million of notes in November and the partial refinancing of our secured warehouse facility with a $575 million unsecured revolving