secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001104659-24-035579
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 closes $450M private placement of senior notes; rates 6.05%-6.30%
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- $450M total: $175M 6.05% Series A due 2029, $125M 6.17% Series B due 2031, $150M 6.30% Series C due 2034.
- Closing expected May 28, 2024; proceeds to repay unsecured credit facility and for general corporate purposes.
- Notes are senior unsecured, guaranteed by STAG Industrial and certain subsidiaries.
- Fixed rates between 6.05% and 6.30%, payable semiannually; optional prepayment subject to make-whole.
- Financial covenants include minimum interest coverage ratio of 1.50:1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000110465924035579/0001104659-24-035579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000110465924035579/tm248990d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-035579

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