debt
confidence high
sentiment neutral
materiality 0.65
STAG Industrial upsizes credit facility to $1.0B and closes $375M in term loans
STAG Industrial, Inc.
- Unsecured credit facility increased from $750M to $1.0B; LIBOR replaced with SOFR plus 0.10% adjustment.
- Two $187.5M senior unsecured term loans executed with separate lenders, each maturing January 25, 2028.
- Term loans bear interest at one-month SOFR plus 0.10% adjustment and 0.85% spread based on debt rating and leverage.
- Existing credit agreement amended and restated; covenants and other material terms substantially unchanged.