NYSE:GNLREITs
Will GNL’s Extended Debt Maturity Reveal a New Era of Balance Sheet Strength?
Global Net Lease, Inc. recently announced the successful refinancing of its US$1.8 billion revolving credit facility, extending its maturity to August 2030 and securing lower interest costs, alongside the completion of a share buyback and second-quarter earnings results reporting US$124.91 million in sales and a net loss of US$24.14 million.
The refinancing extends the company's debt maturity profile, reduces annual interest expenses, and enhances liquidity, marking a significant improvement...