other_material
confidence high
sentiment neutral
materiality 0.30
Global Net Lease enters $300M ATM equity program, terminates two prior ATM facilities
Global Net Lease, Inc.
- New at-the-market program for up to $300M of common stock via Equity Sales Agreement dated Nov 7, 2025.
- Prior common stock ATM program (up to $285M) and Series B preferred ATM (up to $170M) terminated Nov 4, 2025.
- Company also entered master forward confirmations with seven forward purchasers for potential forward sales.
- Proceeds from sales or forward settlement to be used for acquisitions, debt repayment, and working capital.
- Agent commissions capped at 2.0% of gross sales price for agency sales; may exceed 2.0% for principal sales.
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