Global Net Lease to sell $500 million seven-year senior notes

By James McCandless

San Antonio, Dec. 7 – Global Net Lease, Inc. plans to price a $500 million offering of seven-year senior notes, according to a press release.

The notes will be offered with the company’s subsidiary Global Net Lease Operating Partnership, LP.

Global Net Lease’s subsidiaries will each be a guarantor.

The company plans to use the proceeds to repay amounts borrowed under its revolving credit facility and use the remaining proceeds to partially repay its term loan.

Global Net Lease is a New York-based real estate investment trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.