Upal Rana

John Kim

Michael Gorman

Mitch Germain

Barry Oxford

Bryan Maher

Eric Gordon

- Global Net Lease, Inc. (GNL) announced on **October 17, 2025**, that **Fitch Ratings upgraded its corporate credit rating to investment-grade BBB- from BB+**.  **[1526113_0001104659-25-100198_tm2528909d1_ex99-1.htm:0]** **[1526113_0001104659-25-100198_tm2528909d1_8k.htm:1]** 
- This upgrade reflects GNL's strategic achievements over the past two years, including **approximately $3 billion of asset dispositions** in fiscal years 2024 and 2025, which reduced outstanding debt and strengthened the balance sheet.  **[1526113_0001104659-25-100198_tm2528909d1_ex99-1.htm:0]** 
- A significant part of these dispositions was the **$1.8 billion sale of GNL's multi-tenant retail portfolio in June 2025**, positioning the company as a pure-play single tenant net lease real estate investment trust.  **[1526113_0001104659-25-100198_tm2528909d1_ex99-1.htm:0]** 
- GNL also successfully **refinanced its Revolving Credit Facility in August 2025**, enhancing liquidity, extending debt maturity, and lowering its cost of capital.  **[1526113_0001104659-25-100198_tm2528909d1_ex99-1.htm:0]**

Global Net Lease upgraded to investment grade by Fitch Ratings

- Fitch Ratings has upgraded Global Net Lease's (GNL) corporate credit rating to **BBB-** (investment-grade) from BB+.  **[1526113_523215c7e83f4a75b97b6eda277b9f83_0]** 
- This upgrade reflects GNL's strategic achievements over the past two years, including **$3 billion** in asset dispositions during fiscal years 2024 and 2025.  **[1526113_523215c7e83f4a75b97b6eda277b9f83_0]** 
- A significant disposition was the **$1.8 billion** sale of GNL's multi-tenant retail portfolio in June 2025, positioning the company as a pure-play single tenant net lease REIT.  **[1526113_523215c7e83f4a75b97b6eda277b9f83_0]** 
- GNL also refinanced its Revolving Credit Facility in August 2025, which enhanced liquidity, extended debt maturity, and lowered its cost of capital.  **[1526113_523215c7e83f4a75b97b6eda277b9f83_0]**

Global Net Lease (GNL)