10:19 AM EDT, 08/06/2025 (MT Newswires) -- Global Net Lease ( GNL ) said Wednesday it completed a $1.8 billion refinancing of its revolving credit facility.
The refinancing, which extends the maturity date to August 2030 from October 2026 including two six-month extension options, cuts the cost of capital by reducing the interest rate spread by 35 basis points, the company said.
The company said it expects to save about $2 million in interest annually because of the improved spread pricing, adding that it currently doesn't have "significant" debt maturities until 2027.
Price: 6.85, Change: -0.02, Percent Change: -0.26