STAG Industrial refinances $200 million term loan with 2027 maturity

By Wendy Van Sickle

Columbus, Ohio, March 26 – STAG Industrial, Inc. refinanced a $200 million unsecured term loan that was set to mature in January 2025, according to a news release.

The term loan now matures March 25, 2027, with two one-year extension options.

The term loan bears an aggregate fixed interest rate, inclusive of interest rate swaps, of 2.94% until Jan. 15, 2025 and will bear an aggregate fixed interest rate, inclusive of interest rate swaps, of 4.83% from Jan. 15, 2025 through March 25, 2027.

Wells Fargo Securities, LLC served as left lead arranger and bookrunner, with BofA Securities, Inc., BMO Capital Markets Corp. and U.S. Bank, NA serving as joint lead arrangers.

STAG Industrial is a Boston-based real estate investment trust focused on single-tenant industrial properties.

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