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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.
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