debt
confidence high
sentiment neutral
materiality 0.50
STAG Industrial amends $350M term loan, extends maturity to 2032, reduces spread by 5 bps
STAG Industrial, Inc.
- Combined $150M and $200M unsecured term loans into a single $350M Amended Unsecured Term Loan A.
- Maturity extended to January 16, 2032; spread reduced by 5 bps based on debt rating and leverage.
- Also amended $1.0B unsecured credit facility and Term Loans G, H, I to reduce spread by 5 bps.
- Floating rate swapped to fixed: $150M at 2.01% until Mar 2027 then 4.79%; $200M at 4.68% until Mar 2027 then 4.79%.
- Unsecured Term Loan F extinguished upon closing; other material terms unchanged.