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Barclays Upsizes Global Net Lease Revolving Credit Facility by $50MM to $1.2B

February 26, 2021, 07:00 AM
Filed Under: Real Estate

Global Net Lease announced that Barclays has committed $50 million to the Company's revolving credit facility, bringing total commitments to approximately $1.2 billion. The increase in commitments was made, at the request of the Company, pursuant to the credit facility's uncommitted "accordion feature."

"We are very pleased to be expanding our relationship with Barclays and adding their expertise to our robust banking group," said James Nelson, CEO of GNL. "The upsized credit facility helps us to actively pursue and close accretive acquisitions in the United States and Europe that fit our strict investment criteria. The strength of GNL's balance sheet and the availability of funds on our credit facilities permit us to be nimble in our active management of the Company's portfolio."

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