September 6, 2017 / 12:30 PM / 10 months ago

BRIEF-Global Net Lease to offer Series A Cumulative Redeemable Preferred Stock

Sept 6 (Reuters) - Global Net Lease Inc

* Global Net Lease announces offering of Series A Cumulative Redeemable Preferred Stock

* Global Net Lease - launch of underwritten public offering of Series A Cumulative Redeemable Preferred Stock under existing shelf registration statement

* Global Net Lease - plans to contribute net proceeds it receives from offering to operating partnership in exchange for new class of preferred units

* Global Net Lease Inc- co through its operating partnership, intends to use net proceeds from this contribution for purchase of additional properties

* Global Net Lease Inc- company may also repay amounts borrowed under company’s revolving credit facility using net proceeds Source text for Eikon: Further company coverage:

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