secwatch / observer
8-K filed March 28, 2024, 7:59 PM ET ticker STAG CIK 0001479094
debt confidence high sentiment neutral materiality 0.50

STAG Industrial, Inc. (STAG): debt financing — STAG Industrial extends $200M unsecured term loan maturity to 2027 with improved pricing

STAG Industrial, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STAG Industrial, Inc. amended term loan of $200 million with Wells Fargo Bank, National Association at Adjusted Term SOFR plus 0.85% spread, less 0.02% sustainability adjustment maturing March 25, 2027.

Instrument
term loan
Principal
$200 million
Counterparty
Wells Fargo Bank, National Association
Rate
Adjusted Term SOFR plus 0.85% spread, less 0.02% sustainability adjustment
Maturity
March 25, 2027
Event
amendment
Exact text from the filing
and the other lenders named therein, to amend and restate that certain amended and restated term loan agreement, dated as of September 1, 2022, related to the Company’s $200 million unsecured term loan that was set to mature on January 12, 2025 (“ Unsecured Term Loan F ”). The Company entered into the second amended and restated term loan agreement to: (i)
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STAG Industrial, Inc. amended Unsecured Term Loan F with Wells Fargo Bank, National Association, and the other lenders named therein valued at $200 million (effective 2024-03-25).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, and the other lenders named therein
Value
$200 million
Effective
2024-03-25
Exact text from the filing
On March 25, 2024, STAG Industrial, Inc., a Maryland corporation (the “ Company ”), and its operating partnership, STAG Industrial Operating Partnership, L.P., a Delaware limited partnership, entered into the second amended and restated term loan agreement with Wells Fargo Bank, National Association, and the other lenders named therein, to amend and restate that certain amended and restated term loan agreement, dated as of September 1, 2022, related to the Company’s $200 million unsecured term loan that was set to mature on January 12, 2025 (“ Unsecured Term Loan F ”).
View on SEC.gov

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STAG Industrial, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-24-040566
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