Global Net Lease Completes $1.8 Billion Refinancing of Revolving Credit Facility
Global Net Lease (NYSE:GNL) has successfully completed a $1.8 billion refinancing of its Revolving Credit Facility, extending the maturity date from October 2026 to August 2030. The refinancing includes two 6-month extension options and delivers an immediate 35-basis point reduction in interest spread.
The transaction extends GNL's weighted average debt maturity to approximately 4 years from 2.7 years as of Q1'25, with no significant debt maturities until 2027. The company expects to save $2 million in annual interest due to improved spread pricing. The refinanced facility involves eight lenders, including both existing and new banking partners, with BMO Bank N.A. serving as the Administrative Agent.
Global Net Lease (NYSE:GNL) ha completato con successo un rifinanziamento da 1,8 miliardi di dollari della sua linea di credito revolving, estendendo la scadenza da ottobre 2026 ad agosto 2030. Il rifinanziamento prevede due opzioni di estensione di 6 mesi ciascuna e comporta una riduzione immediata di 35 punti base sullo spread degli interessi.
L'operazione porta la durata media ponderata del debito di GNL a circa 4 anni, rispetto ai 2,7 anni del primo trimestre 2025, senza scadenze significative fino al 2027. L'azienda prevede di risparmiare 2 milioni di dollari all'anno in interessi grazie a condizioni di spread migliorate. Il rifinanziamento coinvolge otto istituti finanziari, tra partner bancari attuali e nuovi, con BMO Bank N.A. come agente amministrativo.
Global Net Lease (NYSE:GNL) ha completado con 茅xito un refinanciamiento de 1.8 mil millones de d贸lares de su l铆nea de cr茅dito revolvente, extendiendo la fecha de vencimiento de octubre de 2026 a agosto de 2030. El refinanciamiento incluye dos opciones de extensi贸n de 6 meses y ofrece una reducci贸n inmediata de 35 puntos base en el margen de inter茅s.
La transacci贸n extiende la madurez promedio ponderada de la deuda de GNL a aproximadamente 4 a帽os desde 2.7 a帽os en el primer trimestre de 2025, sin vencimientos significativos hasta 2027. La compa帽铆a espera ahorrar 2 millones de d贸lares anuales en intereses debido a una mejor tasa de margen. La facilidad refinanciada involucra a ocho prestamistas, incluyendo socios bancarios actuales y nuevos, con BMO Bank N.A. como agente administrativo.
Global Net Lease (NYSE:GNL)电� 18鞏� 雼煬 攴滊鞚� 須岇爠 鞁犾毄 頃滊弰 鞛湹鞛愲ゼ 靹标车鞝侅溂搿� 鞕勲頃橃棳 毵岅赴鞚检潉 2026雲� 10鞗旍棎靹� 2030雲� 8鞗旊 鞐办灔頄堨姷雼堧嫟. 鞚措矆 鞛湹鞛愳棎电� 6臧滌洈 鞐办灔 鞓奠厴 霊� 彀臧� 韽暔霅橃柎 鞛堨溂氅�, 歃夓嫓 鞚挫瀽 鞀ろ攧霠堧摐 35 氩犾澊鞁滌姢 韽澑韸� 鞚疙晿臧� 鞝侅毄霅╇媹雼�.
鞚措矆 瓯半灅搿� GNL鞚� 臧�欷� 韽夑窢 攵�毂� 毵岅赴电� 2025雲� 1攵勱赴 旮办 2.7雲勳棎靹� 鞎� 4云�鞙茧 鞐办灔霅橃棃鞙茧┌, 2027雲勱箤歆� 欤检殧 攵�毂� 毵岅赴臧� 鞐嗢姷雼堧嫟. 須岇偓电� 臧滌劆霅� 鞀ろ攧霠堧摐 臧�瓴� 雿曤秳鞐� 鞐瓣皠 200毵� 雼煬鞚� 鞚挫瀽 牍勳毄 鞝堦皭鞚� 旮半寑頃橁碃 鞛堨姷雼堧嫟. 鞛湹鞛愲悳 鞁犾毄 頃滊弰电� 旮办〈 氚� 鞁犼窚 鞚�頄� 韺岉姼雱堧ゼ 韽暔頃� 8臧� 雽�於� 旮瓣磤鞚� 彀胳棳頄堨溂氅�, BMO Bank N.A.臧� 甏�毽� 雽�毽澑 鞐暊鞚� 毵§晿鞀惦媹雼�.
Global Net Lease (NYSE:GNL) a r茅ussi 脿 finaliser un refinancement de 1,8 milliard de dollars de sa facilit茅 de cr茅dit renouvelable, repoussant la date d'茅ch茅ance d'octobre 2026 脿 ao没t 2030. Ce refinancement inclut deux options de prolongation de 6 mois chacune et entra卯ne une r茅duction imm茅diate de 35 points de base sur la marge d'int茅r锚t.
Cette op茅ration porte la dur茅e moyenne pond茅r茅e de la dette de GNL 脿 environ 4 ans contre 2,7 ans au premier trimestre 2025, sans 茅ch茅ances majeures avant 2027. La soci茅t茅 pr茅voit d'茅conomiser 2 millions de dollars par an en int茅r锚ts gr芒ce 脿 une tarification de marge am茅lior茅e. La facilit茅 refinanc茅e implique huit pr锚teurs, incluant des partenaires bancaires existants et nouveaux, avec BMO Bank N.A. en tant qu'agent administratif.
Global Net Lease (NYSE:GNL) hat erfolgreich eine 1,8 Milliarden US-Dollar Refinanzierung seiner revolvierenden Kreditfazilit盲t abgeschlossen und das F盲lligkeitsdatum von Oktober 2026 auf August 2030 verl盲ngert. Die Refinanzierung beinhaltet zwei Verl盲ngerungsoptionen von jeweils 6 Monaten und f眉hrt zu einer sofortigen Senkung des Zinsspread um 35 Basispunkte.
Die Transaktion verl盲ngert die gewichtete durchschnittliche Laufzeit der Schulden von GNL auf etwa 4 Jahre gegen眉ber 2,7 Jahren im ersten Quartal 2025, ohne nennenswerte F盲lligkeiten bis 2027. Das Unternehmen erwartet aufgrund der verbesserten Spread-Konditionen Einsparungen von 2 Millionen US-Dollar an j盲hrlichen Zinskosten. Die refinanzierte Fazilit盲t umfasst acht Kreditgeber, darunter bestehende und neue Bankpartner, wobei die BMO Bank N.A. als administrativer Agent fungiert.
- Immediate 35-basis point reduction in interest spread, leading to $2 million annual interest savings
- Extension of weighted average debt maturity to 4 years from 2.7 years
- No significant debt maturities until 2027, improving financial flexibility
- 70 basis points reduction in credit facility spread since Q3 2024
- Expanded banking relationships with three new lenders joining the facility
- Large $1.8 billion debt commitment could impact future borrowing capacity
Insights
GNL's $1.8B refinancing strengthens balance sheet, lowers costs, and extends debt maturity profile with strong lender support.
Global Net Lease has executed a significant $1.8 billion refinancing of its Revolving Credit Facility that delivers multiple strategic benefits to the company's capital structure. The transaction provides an immediate
The refinancing substantially improves GNL's debt maturity profile, extending the weighted average debt maturity from 2.7 years to approximately 4 years. The new facility pushes out maturity from October 2026 to August 2030 (including extension options), creating a more favorable timeline with no significant debt maturities until 2027. This extension provides crucial financial flexibility and reduces near-term refinancing risk in what remains an uncertain interest rate environment.
Perhaps most telling is the expansion of GNL's banking relationships. The deal maintained five existing lenders while adding three new participants (Bank of America, Manufacturers and Traders Trust Company, and First Horizon Bank). This broadening of the lending syndicate signals increased institutional confidence in GNL's financial trajectory and strategy, particularly noteworthy given the challenging conditions many commercial real estate companies have faced in securing favorable financing terms. The company's ability to reduce borrowing costs while extending maturities reflects successful deleveraging efforts and improving credit fundamentals.
- Cost of Capital Further Reduced Through Immediate 35-Basis Point Reduction in Interest Rate Spread
- Extends Weighted Average Debt Maturity to Approximately 4 Years from 2.7 Years as of Q1'25; No Significant Debt Maturities Until 2027
NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") announced today the
"This transaction marks another important step in our efforts to create long-term value for shareholders," said Michael Weil, CEO of GNL. "The refinanced Revolving Credit Facility strengthens GNL's balance sheet by providing improved terms and further reducing our cost of capital, with the spread on our credit facility lowered by 70 basis points since Q3 2024 as a result of disciplined deleveraging and enhanced pricing terms. We are grateful for the continued support of our longstanding lending partners, whose commitment reflects their confidence in the strength and stability of our Company. We also welcome new lenders in this transaction, whose involvement we believe further validates our strategic direction and enhances the depth of our banking relationships."
A total of eight lenders are participating in the refinanced Revolving Credit Facility, with BMO Bank N.A. acting as the Administrative Agent. These include existing lenders KeyBank National Association, Truist Bank, Citizens Bank, N.A. and The Huntington National Bank, as well as new participants Bank of America, N.A., Manufacturers and Traders Trust Company and First Horizon Bank.
About Global Net Lease, Inc.
Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at .
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "potential," "predicts," "plans," "intends," "would," "could," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company's actual results to differ materially from those presented in the Company's forward-looking statements are set forth in the "Risk Factors" and "Quantitative and Qualitative Disclosures about Market Risk" sections in the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Contacts:
Investor Relations
Email: Phone: (332) 265-2020
FAQ
What is the size and terms of GNL's new refinanced credit facility?
How much will GNL save annually from the new credit facility?
When is GNL's next significant debt maturity?
How many lenders are participating in GNL's refinanced credit facility?
How much has GNL reduced its credit facility spread since Q3 2024?
