S&P upgrades GNL corporate credit rating to BB+, unsecured notes to BBB- after $1.8B portfolio sale

Global Net Lease, Inc.

Corporate credit rating upgraded from BB to BB+ by S&P Global.
Issue-level rating on unsecured notes raised to investment-grade BBB- from BB+.
Upgrade follows $1.8 billion sale of multi-tenant portfolio used to substantially pay down debt.
CEO Michael Weil says upgrade validates capital strategy to strengthen balance sheet and enhance shareholder value.
Streamlined portfolio features long-term triple-net leases, broad tenant base, minimal near-term expirations, high occupancy.

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