Global Net Lease, Inc. (GNL): debt financing — Global Net Lease closes $1.815B revolver refi; 35 bps spread cut, ~$2M annual interest savings

Global Net Lease, Inc.

New $1.815B unsecured multi-currency revolver matures Aug 2029 (2 six-month extension options to Aug 2030).
Interest rate spread reduced by 35 bps immediately; expected annual interest savings of approximately $2 million.
Weighted average debt maturity extended to ~4 years from 2.7 years; no significant maturities until 2027.
Prior $1.815B revolver (Aug 2026 maturity) fully prepaid and terminated; 8 lenders in new facility, including 3 new participants.
Uncommitted accordion feature allows up to $1.185B additional commitments; covenants include reduced spreads vs. prior agreement.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Global Net Lease, Inc. incurred revolving credit of $1.815 billion with BMO Bank N.A. at variable rate per annum based on an applicable margin that varies based on the r maturing August 5, 2029.

Instrument: revolving credit
Principal: $1.815 billion
Counterparty: BMO Bank N.A.
Rate: variable rate per annum based on an applicable margin that varies based on the r
Maturity: August 5, 2029
Event: incurrence

Exact text from the filing

acility ”) with, inter alios , BMO Bank N.A. (“ BMO ” or the “ Agent ”), as agent, and the other lender parties thereto (together with BMO and any other lenders that may become parties, the “ Lenders ”).

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Source: SEC EDGAR

accession 0001104659-25-074482

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