American Finance Trust, Inc. announced that it has issued $242 million of long-term fixed-rate notes designated as AFIN's Net-Lease Mortgage Notes, Series 2019-1. The net proceeds from the sale of the notes will be used to primarily refinance assets currently financed under AFIN's revolving unsecured corporate credit facility. The notes were issued in two classes in a private placement to institutional debt investors. $121 million of seven-year Class A-1 notes were rated AAA by Standard & Poor's Rating Services at an interest rate of 3.8% and $121 million of 10-year Class A-2 notes were rated A by Standard & Poor's at an interest rate of 4.5%. The weighted average interest rate of both classes of notes is 4.2%. This debt issuance provides AFIN with additional flexibility and extends the weighted average life of its indebtedness from 3.8 to 4.2 years. The notes are not registered under the Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.