STAG Industrial announced on September 10, 2024, that it refinanced its Unsecured Credit Facility. This new revolving credit facility is set to mature on September 8, 2028, and includes two six-month extension options, subject to certain conditions.
The refinancing maintains consistent pricing, which is beneficial for the company's capital structure. This move enhances STAG's financial flexibility and provides stability in its debt maturity schedule.
As of September 30, 2024, the company reported total liquidity of $810.0 million and a Net Debt to Annualized Run Rate Adjusted EBITDAre of 5.1x. This refinancing contributes to a robust balance sheet, supporting future growth initiatives.
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