M&A - Global Net Lease, Inc.

Form Type: 8-K

Filing Date: 2025-03-28

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925029379

Filing Summary: On March 25, 2025, Global Net Lease, Inc. completed the first phase of the sale of its multi-tenant portfolio to an affiliate of RCG Ventures Holdings, LLC. This transaction, governed by a Purchase and Sale Agreement dated February 25, 2025, involves 59 unencumbered properties generating gross proceeds of $1.1 billion. The document also notes that there are no material relationships between the Sellers and the Buyer outside of this transaction. Additionally, a press release was issued on March 26, 2025, announcing the closing of this sale. The report highlights the risks associated with forward-looking statements regarding future acquisitions or dispositions.

Document Link: View Document

Form Type: 8-K

Filing Date: 2025-02-26

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925017138

Filing Summary: On February 25, 2025, Global Net Lease, Inc. entered into a Purchase and Sale Agreement with RCG Ventures Holdings, LLC to sell a real estate portfolio consisting of 100 multi-tenant retail centers located in 28 states for approximately $1.78 billion. The sale is subject to purchase price adjustments and includes a $25 million non-refundable deposit from the Buyer. The closing of the sale is contingent upon various conditions, including compliance with existing lender requirements for certain retail centers. Additionally, the Company announced a share repurchase program for up to $300 million of its common stock, effective immediately, with no expiration date specified, allowing for repurchases through various methods. The agreements entail customary representations and warranties, and thus may not reflect the actual conditions of the parties involved. Forward-looking statements regarding the timing of the sale include inherent risks that could affect outcomes.

Document Link: View Document