Maples Group Assists Griffin on US$400 Million Senior Unsecured Notes Offering

Maples and Calder, the Maples Group's law firm, is pleased to have assisted Griffin Global Asset Management ("Griffin"), a commercial aircraft leasing and alternative management business, on the successful closing by GGAM Finance Ltd. of an aggregate principal amount of US$400 million senior unsecured notes.  

The offering comprises US$400 million of 8% senior unsecured notes due 2027.  The notes are 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 deliverables. 

The firm provided Cayman Islands legal counsel to Griffin and assisted with the Cayman Islands Stock Exchange listing. The firm also provided Irish legal counsel to Bain Capital Credit, LP, which manages or advises funds that provided substantially all the equity capital to Griffin Global Asset Management Holdings, Ltd. 

The team comprised Jonathon Meloy, Head of the Cayman Islands Finance practice, and Finance Partners Anthony Philp and Mary O'Neill, Funds & Investment Management Partner Fearghal De Feu, and Associates Sorcha O'Keefe, Nuala Clarke and Alex Walsh. 

"Our global market-leading funds and aviation legal specialists continue to excel at offering unmatched legal advice and support to clients within the aviation sector," said Jonathon Meloy. "We are delighted to have facilitated another notable transaction this year for our long-standing client Griffin as they continue to excel in the aircraft leasing and financing sector." 

Hughes Hubbard advised Griffin, while Milbank advised the initial purchasers and Akin Gump advised Bain. 

The team also advised Griffin on their US$1 billion senior unsecured notes transaction earlier this year_¹.

 ^{1 Maples Group Advises on Griffin US$1 Billion Senior Unsecured Notes Offering}