Global Net Lease, Inc. (NYSE: GNL) today announced that the Company and Global Net Lease Operating Partnership, L.P., the Company's operating partnership subsidiary, priced $500 million aggregate principal amount of new 3.750% Senior Notes due 2027. The Notes will be guaranteed on a senior unsecured basis by each of the Company's subsidiaries that are guarantors under the Operating Partnership's senior unsecured multi-currency revolving credit facility and senior unsecured term loan facility.

The issuance of the Notes is expected to close on or about December 16, 2020, subject to customary closing conditions. The Issuers intend to use proceeds from the offering to repay amounts borrowed under the Revolving Credit Facility of approximately $264 million, repay up to $88 million of secured loans and related costs, and use the remaining proceeds of approximately $139 million to partially repay the Term Loan.

The Notes and related guarantees were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The Notes and related guarantees have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities, in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Global Net Lease, Inc.

Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe. Additional information about the Company can be found on its website at www.globalnetlease.com.