debt
confidence high
sentiment neutral
materiality 0.40
STAG Industrial enters $550M note purchase agreement for senior unsecured notes
STAG Industrial, Inc.
- $350M Series A notes at 5.50% due June 25, 2030; $100M Series B at 5.82% due 2033; $100M Series C at 5.99% due 2035.
- Closing expected on or around June 25, 2025; proceeds to refinance existing debt and for general corporate purposes.
- Notes are privately placed, unregistered; guaranteed by STAG Industrial Inc. and certain subsidiaries.
- Financial covenants include minimum interest coverage ratio of 1.50:1.00.