- Global Net Lease (NYSE:GNL) said it has completed a $237 million commercial mortgage-backed security loan, secured by 20 U.S. industrial properties.
- The company said, the loan has a five-year term that matures in April 2029.
- The loan is interest-only at a fixed all-in interest rate of 5.74%,which is 159 bps lower than the current floating interest rate on the U.S. Dollar portion of the company’s corporate credit facility, leading to a reduction in annualized interest expense by over $3.5 million.
