STAG Industrial cuts two term loans’ interest to Libor plus 130 bps

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – STAG Industrial, Inc. amended and restated its $150 million term loan A and its $150 million term loan B to reduce the pricing grid of each, according to a press release.

Based on current leverage, interest for both term loans is now Libor plus 130 basis points, down from Libor plus 165 bps for the term loan A and from Libor plus 170 bps for the term loan B.

No other material changes were made under the term loan amendments.

STAG Industrial is a Boston-based real estate company.

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