Item 7.01. Regulation FD Disclosure.
On January 19, 2023, Global Net Lease, Inc. (the “Company”) issued a press
release announcing the acquisition of eight properties in the United Kingdom for
a total purchase price of £61 million ($75 million in US dollars based on the
exchange rate at closing). The properties are all leased to a wholly owned
subsidiary of Walgreens Boots Alliance Inc., with 11.5 years of lease term
remaining, and total over 325,000 square feet.
Additionally, the press release announced that on December 30, 2022,
Rheinmetall, one of the Company’s tenants in Neuss, Germany, exercised a
five-year lease extension, extending the tenant’s lease on the existing terms
until the end of 2028 with no tenant improvement expenses incurred by the
A copy of the press release is attached as Exhibit 99.1 to this Current Report
on Form 8-K. Such press release shall not be deemed “filed” for any purpose,
including for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), or otherwise subject to the liabilities of that
Section. The information in Item 7.01, including Exhibit 99.1, shall not be
deemed incorporated by reference into any filing under the Exchange Act or the
Securities Act of 1933, as amended, regardless of any general incorporation
language in such filing.
The statements in this Current Report on Form 8-K that are not historical facts
may be forward-looking statements. These forward-looking statements involve
risks and uncertainties that could cause the outcome to be materially different.
The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,”
“estimates,” “projects,” “plans,” “intends,” “should” and similar expressions
are intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements are subject to a number of risks, uncertainties and
other factors, many of which are outside of GNL’s control, which could cause
actual results to differ materially from the results contemplated by the
forward-looking statements. These risks and uncertainties include (a) the
potential adverse effects of (i) the ongoing global COVID-19 pandemic, including
actions taken to contain or treat COVID-19, (ii) the geopolitical instability
due to the ongoing military conflict between Russia and Ukraine, including
related sanctions and other penalties imposed by the U.S. and European Union,
and the related impact on GNL, GNL’s tenants and the global economy and
financial markets, and (iii) inflationary conditions, higher interest rate
environment and fluctuations in exchange rates and currency values, and (b) that
any potential future acquisition is subject to market conditions and capital
availability and may not be identified or completed on favorable terms, or at
all, as well as those set forth in the Risk Factors section of GNL’s most recent
Annual Report on Form 10-K for the year ended December 31, 2021 filed on
February 24, 2022, and all other filings with the Securities and Exchange
Commission after that date. Further, forward-looking statements speak only as of
the date they are made, and GNL undertakes no obligation to update or revise any
forward-looking statement to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over time, unless
required by law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No Description 99.1 Press Release dated January 19, 2023 Cover Page Interactive Data File - the cover page XBRL tags are 104 embedded within the Inline XBRL document.
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