debt
confidence high
sentiment neutral
materiality 0.50
STAG Industrial raises $325M in private placement of senior unsecured notes
STAG Industrial, Inc.
- $275M notes at 2.80% fixed interest, maturing September 29, 2031.
- $50M notes at 2.95% fixed interest, maturing September 28, 2033.
- Notes expected issuance around September 28, 2021, subject to conditions.
- Net proceeds to repay unsecured credit facility and for general corporate purposes.
- Notes exempt from registration under Section 4(a)(2) of the Securities Act.