Firm Helps Griffin Push Warehouse Facility to $2 Billion

April 2023 - HHR advised Griffin Global Asset Management, and borrowers Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC, on an amendment, extension and upsizing transaction for its senior secured financing facility. The deal – which doubled the initial facility that closed in 2021 – included the addition of banking partners Citibank and Sumitomo Mitsui Banking, as well as an additional commitment from Bank of Montreal. The upsizing of the facility is expected to provide Griffin with the final bridge before it accesses the capital markets.

“The size and flexibility of this credit facility allows us to provide efficient financing solutions for our growing list of airline customers,” said Griffin CFO John Beekman.

The firm advised on the initial amendment, extension and upsizing last September. The initial $1 billion facility received the Airline Economics Global Editor's Deal of the Year Award for 2021.

Established in 2020, Griffin is a commercial aircraft leasing and alternative asset management business with offices in Ireland, the mainland U.S. and Puerto Rico. The company's team of aviation professionals works closely with airlines, original equipment manufacturers and financiers to deliver customized fleet solutions and innovative financing products to airlines globally.

Terry Sanders led the HHR team with significant assistance from Sean Murphy, David Cohen and Michael Carroll. Other members of the team included Tyler Grove, Alan Kravitz, Charlie Wachsstock, Justin Cohen, Michael Clare and Justine Yoon.