Global Net Lease, Inc. announced that the Company completed a $237 million commercial mortgage-backed security loan (the ?Loan?) secured by 20 U.S. industrial properties previously secured under the Company?s corporate credit facility. The lead lender for the Loan is Bank of Montreal and co-lenders are Barclays, KeyBank and Société Générale. The Loan has a 5-year term that matures in April 2029.

It 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, resulting in an over $3.5 million reduction in annualized interest expense.