secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001104659-22-084206
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAG Industrial upsizes credit facility to $1.0B and closes $375M in term loans
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000110465922084206/0001104659-22-084206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000110465922084206/tm2222119d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-084206

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