Global Net Lease (GNL) – Odd Lot Tender Offer – $120 guaranteed return

Current Price – $9.27

Offer Price – $10.5

Upside – 13% or $122

Expiration date –  29 June 2015

SEC Filling



Global Net Lease, Inc, invites our stockholders to tender up to 11,904,761 shares of our common stock, par value $0.01 per share, for purchase by us at a price of $10.50 per Share. If the Offer is fully subscribed, we will purchase 11,904,761 Shares, which will represent approximately 6.3% of the issued and outstanding Shares as of immediately after the listing of the Shares on the NYSE on June 2, 2015.


No proration for Odd Lot holders:

Odd Lots.  For purposes of the Offer, the term “odd lots” means all Shares properly tendered at the Purchase Price held by a stockholder who owns beneficially or of record an aggregate of fewer than 100 Shares, which we refer to as an “odd lot holder,” and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, the Notice of Guaranteed Delivery. Odd lots will be accepted for payment before proration


Source of Funds:

Assuming at least 11,904,761 Shares are properly tendered and not properly withdrawn, we expect to use available cash totaling approximately $25 million and expect to borrow approximately $100 million under the Company’s existing revolving loan Credit Facility under its Credit Agreement