STAG Industrial announced on April 15, 2025, that it entered into a note purchase agreement to issue $550 million of fixed rate senior unsecured notes in a private placement offering. The notes have a weighted average fixed interest rate of 5.65% and a weighted average tenor of 6.5 years.
The transaction is structured across three tranches: $350 million of 5.50% notes maturing on June 25, 2030; $100 million of 5.82% notes maturing on June 25, 2033; and $100 million of 5.99% notes maturing on June 25, 2035. The company anticipates closing the offering on June 25, 2025.
This debt issuance will bolster STAG's long-term capital position, providing significant financial flexibility. The proceeds are expected to be used for general corporate purposes, including funding acquisitions, development, and managing upcoming debt maturities.
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