Global Net Lease Announces Successful Completion Of $500 Million Senior Unsecured Note Offering And BBB- Credit Rating From SP
NEW YORK , Dec. 17, 2020 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that on December 16, 2020 , the Company successfully completed its previously announced $500 million senior unsecured note offering (the "Notes") due 2027. The Notes will have an effective interest rate of 3.75% and mature on December 15, 2027 . Standard Poor's Rating Services ("SP") issued an investment grade rating of BBB- on the Notes, and Fitch Ratings ("Fitch") rated the Notes BB . GNL also received a corporate credit rating of "BB " from both SP and Fitch. "We are extremely pleased with the market's reception and demand for our inaugural senior unsecured note offering and the credit ratings we received from SP and Fitch during these unprecedented times," said James Nelson , CEO of GNL. "We believe that the success of the transaction is a … Full story available on Benzinga.com
Global Net Lease Announces Successful Completion Of $500 Million Senior Unsecured Note Offering And BBB- Credit Rating From SP
NEW YORK , Dec. 17, 2020 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that on December 16, 2020 , the Company successfully completed its previously announced $500 million senior unsecured note offering (the "Notes") due 2027. The Notes will have an effective interest rate of 3.75% and mature on December 15, 2027 . Standard Poor's Rating Services ("SP") issued an investment grade rating of BBB- on the Notes, and Fitch Ratings ("Fitch") rated the Notes BB . GNL also received a corporate credit rating of "BB " from both SP and Fitch. "We are extremely pleased with the market's reception and demand for our inaugural senior unsecured note offering and the credit ratings we received from SP and Fitch during these unprecedented times," said James Nelson , CEO of GNL. "We believe that the success of the transaction is a … Full story available on Benzinga.com