Griffin Global Asset Management (Griffin) has successfully closed an offering of $1bn senior unsecured notes via subsidiary, GGAM Finance. The offering comprises $400 million of 7.75% senior unsecured notes due 2026 and $600 million of 8.00% senior unsecured notes due 2028. The notes will be guaranteed by Griffin Global Asset Management and certain of its subsidiaries. Proceeds from notes will be used to partially repay the existing warehouse facility and for general corporate purposes. Griffin commented that reducing the amount of secured debt was consistent with its commitment to achieving investment grade metrics. On successful completion of the Offering, Fitch
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