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GNL PR B - Global Net Lease Inc News Story

$25.07 0.0  0.0%

Mid Cap
Market Cap £1.12bn
Enterprise Value £2.29bn
Revenue £247.4m
Position in Universe th / 6389

BRIEF-Global Net Lease to offer Series A Cumulative Redeemable Preferred Stock

Wed 6th September, 2017 1:00pm
Sept 6 (Reuters) - Global Net Lease Inc  GNL.N  
    * Global Net Lease announces offering of Series A Cumulative 
Redeemable Preferred Stock 
    * Global Net Lease - launch of underwritten public offering 
of Series A Cumulative Redeemable Preferred Stock under existing 
shelf registration statement 
    * Global Net Lease - plans to contribute net proceeds it 
receives from offering to operating partnership in exchange for 
new class of preferred units 
    * Global Net Lease Inc- co through its operating 
partnership, intends to use net proceeds from this contribution 
for purchase of additional properties 
    * Global Net Lease Inc- company may also repay amounts 
borrowed under company's revolving credit facility using net 
Source text for Eikon:  ID:nPn82hMcPa  
Further company coverage:  GNL.N  
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