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 éxito un refinanciamiento de 1.8 mil millones de dólares de su línea de crédito revolvente, extendiendo la fecha de vencimiento de octubre de 2026 a agosto de 2030. El refinanciamiento incluye dos opciones de extensión de 6 meses y ofrece una reducción inmediata de 35 puntos base en el margen de interés.
La transacción extiende la madurez promedio ponderada de la deuda de GNL a aproximadamente 4 años desde 2.7 años en el primer trimestre de 2025, sin vencimientos significativos hasta 2027. La compañía espera ahorrar 2 millones de dólares 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)는 18억 달러 규모의 회전 신용 한도 재융자를 성공적으로 완료하여 만기일을 2026년 10월에서 2030년 8월로 연장했습니다. 이번 재융자에는 6개월 연장 옵션 두 차례가 포함되어 있으며, 즉시 이자 스프레드 35 베이시스 포인트 인하가 적용됩니다.
이번 거래로 GNL의 가중 평균 부채 만기는 2025년 1분기 기준 2.7년에서 약 4년으로 연장되었으며, 2027년까지 주요 부채 만기가 없습니다. 회사는 개선된 스프레드 가격 덕분에 연간 200만 달러의 이자 비용 절감을 기대하고 있습니다. 재융자된 신용 한도는 기존 및 신규 은행 파트너를 포함한 8개 대출 기관이 참여했으며, BMO Bank N.A.가 관리 대리인 역할을 맡았습니다.
Global Net Lease (NYSE:GNL) a réussi à finaliser un refinancement de 1,8 milliard de dollars de sa facilité de crédit renouvelable, repoussant la date d'échéance d'octobre 2026 à août 2030. Ce refinancement inclut deux options de prolongation de 6 mois chacune et entraîne une réduction immédiate de 35 points de base sur la marge d'intérêt.
Cette opération porte la durée moyenne pondérée de la dette de GNL à environ 4 ans contre 2,7 ans au premier trimestre 2025, sans échéances majeures avant 2027. La société prévoit d'économiser 2 millions de dollars par an en intérêts grâce à une tarification de marge améliorée. La facilité refinancée implique huit prêteurs, 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 Kreditfazilität abgeschlossen und das Fälligkeitsdatum von Oktober 2026 auf August 2030 verlängert. Die Refinanzierung beinhaltet zwei Verlängerungsoptionen von jeweils 6 Monaten und führt zu einer sofortigen Senkung des Zinsspread um 35 Basispunkte.
Die Transaktion verlängert die gewichtete durchschnittliche Laufzeit der Schulden von GNL auf etwa 4 Jahre gegenüber 2,7 Jahren im ersten Quartal 2025, ohne nennenswerte Fälligkeiten bis 2027. Das Unternehmen erwartet aufgrund der verbesserten Spread-Konditionen Einsparungen von 2 Millionen US-Dollar an jährlichen Zinskosten. Die refinanzierte Fazilität 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 www.globalnetlease.com.
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: investorrelations@globalnetlease.com
Phone: (332) 265-2020
FAQ
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