Share this article Share this article 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 ("S&P") 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 S&P 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 S&P and Fitch during these unprecedented times," said James Nelson, CEO of GNL. "We believe that the success of the transaction is a testament to our hard work to enhance GNL's primarily investment grade portfolio over the past several years, robust rent collection throughout the pandemic and disciplined acquisition focus. The successful issuance of our first unsecured notes is a major achievement and an important step in the continued growth and maturity of GNL."