---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-045455"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:22:57.289417+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Global Net Lease closes $237M CMBS loan at 5.74% fixed rate, secured by 20 industrial properties

## Summary
- Loan amount $237M, fixed rate 5.74%, 5-year interest-only term, maturing April 6, 2029.
- Proceeds used to repay draws on corporate credit facility; properties removed from borrowing base.
- Loan secured by first-priority mortgages on 20 U.S. industrial properties.
- Guarantor must maintain net worth of $150M and liquid assets of $10M.
- Prepayment allowed after April 2025 with yield maintenance; defeasance option after April 2027.

## SEC filing metadata
- accession: 0001104659-24-045455
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000110465924045455/0001104659-24-045455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000110465924045455/tm2411453d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-045455
- JSON: https://secwatch.observer/filing/0001104659-24-045455.json
- Plain text: https://secwatch.observer/filing/0001104659-24-045455.txt

## Key facts
- Material Agreements
  Global Net Lease, Inc. entered into Environmental Indemnity Agreement with Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association valued at Indemnification against environmental losses (effective 2024-04-05).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association
  - Value: Indemnification against environmental losses
  - Effective: 2024-04-05
  source text: In connection with the entry into the Loan Agreement, on April 5, 2024, the OP entered into a Guaranty Agreement (the “Guaranty”) and an Environmental Indemnity Agreement (the “Environmental Indemnity”) for the benefit of the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000110465924045455/0001104659-24-045455-index.htm
- Material Agreements
  Global Net Lease, Inc. entered into Guaranty Agreement with Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association valued at Guaranty of full repayment and indemnification (effective 2024-04-05).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association
  - Value: Guaranty of full repayment and indemnification
  - Effective: 2024-04-05
  source text: In connection with the entry into the Loan Agreement, on April 5, 2024, the OP entered into a Guaranty Agreement (the “Guaranty”) and an Environmental Indemnity Agreement (the “Environmental Indemnity”) for the benefit of the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000110465924045455/0001104659-24-045455-index.htm
- Material Agreements
  Global Net Lease, Inc. entered into Commercial Mortgage-Backed Security Loan Agreement with Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association valued at $237 million (effective 2024-04-05).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association
  - Value: $237 million
  - Effective: 2024-04-05
  source text: On April 5, 2024, Global Net Lease, Inc. (the “Company”), through subsidiaries (collectively, the “Borrowers”) of its operating partnership, Global Net Lease Operating Partnership, L.P. (the “OP”), entered into a commercial mortgage-backed security Loan Agreement (the “Loan Agreement”), with (i) Bank of Montreal, (ii) Société Générale Financial Corporation, (iii) Barclays Capital Real Estate Inc. and (iv) KeyBank National Association (each individually, a “Lender,” and collectively, the “Lenders”), in the aggregate amount of $237 million (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000110465924045455/0001104659-24-045455-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.