The company said, “”The second quarter of 2025 marked significant progress on GNL‘s strategic initiatives, including the successful sale of the multi-tenant retail portfolio-which enhanced portfolio quality and eliminated the complexity of owning multi-tenant assets-the $1.8 billion refinancing of our Revolving Credit Facility, a further $748 million reduction in net debt, continued execution of our opportunistic share repurchase program, and a credit rating upgrade to BB+ by S&P. Since the first quarter of 2024, we’ve executed on a series of targeted strategic goals, including the sale of over $3 billion of non-core assets, which reduced leverage by nearly 2.0x turns and lowered our cost of debt by 70 basis points. We believe we are entering the second half of the year with strong momentum and remain focused on executing our strategic objectives.”
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