secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001104659-24-099314
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAG Industrial extends $1.0B unsecured credit facility maturity to Sep 2028, adjusts interest rate
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- Second Amended and Restated Credit Agreement extends maturity of $1.0B unsecured facility from Oct 2025 to Sep 8, 2028.
- Borrowings shall bear interest at Base Rate, Adjusted Term SOFR, or Adjusted Daily Simple SOFR plus spread based on debt rating and leverage.
- Initial interest rate is one-month Adjusted Term SOFR (incl. 0.10% adjustment) plus 0.775% spread.
- Facility includes two six-month extension options exercisable by STAG, subject to conditions and fees.
- Other material terms of the credit facility remain unchanged from the prior agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000110465924099314/0001104659-24-099314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000110465924099314/tm2423865d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-099314

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