STAG Industrial gets $200 million 5.5-year delayed-draw term loan

By Angela McDaniels

Tacoma, Wash., July 16 – STAG Industrial, Inc. closed a new $200 million term loan due Jan. 12, 2025 on Friday, according to a company news release.

The new term loan bears a current interest rate of Libor plus 100 basis points, features a 12-month delayed-draw feature and has a $200 million accordion feature.

The company entered into interest rate swaps to fix the interest rate at 3.11% through maturity.

Wells Fargo, Securities, LLC was left lead arranger and bookrunner. Capital One, NA, BofA Securities, Inc. and U.S. Bank NA were joint lead arrangers and bookrunners. TD Bank, NA and PNC Bank, NA acted as co-documentation agents.

Other lenders include Regions Bank, Raymond James Bank, NA, Branch Banking and Trust Co. and Bank of Montreal.

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

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