trending Market Intelligence /marketintelligence/en/news-insights/trending/nN0hGTcoF4RKOLg-5FsXLQ2 content esgSubNav
In This List

Global Net Lease to offer 1 million shares of preferred stock

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Blog

Infographic: The Big Picture 2023 Issuer & Investor Relations Outlook


Global Net Lease to offer 1 million shares of preferred stock

Global Net Lease plans to issue and sell 1 million shares of its 7.25% series A cumulative redeemable preferred stock at $25.00 apiece in an underwritten public offering.

BMO Capital Markets Corp., the sole underwriter for the offering, has a 30-day option to purchase up to an additional 150,000 shares.

The offering is expected to close Dec. 19, and the company foresees net proceeds of roughly $24.2 million.

In exchange for 7.25% series A preferred units, the proceeds will be funneled into the company's operating partnership, which will use them to purchase additional properties and for general corporate purposes.