STAG Industrial refinanced and combined two term loans into a single $350 million senior unsecured term loan maturing January 16, 2032, while reducing pricing by five basis points. Upon closing, the company extinguished its prior $200 million Term Loan F, simplifying the debt stack and extending duration. STAG also amended its $1.0 billion unsecured revolving credit facility and unsecured Term Loans G, H and I to cut spreads by five basis points, with all other terms unchanged. Management expects the actions to lower interest expense, enhance flexibility and align pricing with the company’s credit profile.
Agreement 1: STAG Industrial Recasts $350 Million Senior Unsecured Term Loan, Extends Maturity to 2032
- Agreement type: Senior unsecured term loan (Amended Unsecured Term Loan A)
- Counterparty: Wells Fargo Bank and other lenders
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: Through Jan 16 2032
- Reason: Extend maturity, consolidate loans, lower borrowing costs
Agreement 2: STAG Industrial Lowers Pricing on $1.0 Billion Unsecured Credit Facility by 5 bps
- Agreement type: Amendment to unsecured revolving credit facility
- Counterparty: Existing lender group
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: Through Sep 07 2029
- Reason: Reduce interest spread by 5 bps
Agreement 3: STAG Industrial Reduces Spread on $300 Million Unsecured Term Loan G by 5 bps
- Agreement type: Amendment to unsecured term loan (Term Loan G)
- Counterparty: Existing lender group
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: Through Mar 14 2031
- Reason: Reduce interest spread by 5 bps
Agreement 4: STAG Industrial Trims Pricing on $187.5 Million Unsecured Term Loan H by 5 bps
- Agreement type: Amendment to unsecured term loan (Term Loan H)
- Counterparty: Existing lender group
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: Through Jan 25 2028
- Reason: Reduce interest spread by 5 bps
Agreement 5: STAG Industrial Trims Pricing on $187.5 Million Unsecured Term Loan I by 5 bps
- Agreement type: Amendment to unsecured term loan (Term Loan I)
- Counterparty: Existing lender group
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: Through Jan 25 2028
- Reason: Reduce interest spread by 5 bps
Agreement 6: STAG Industrial Retires $200 Million Unsecured Term Loan F as Part of Recast
- Agreement terminated: Unsecured Term Loan F (Second Amended and Restated Term Loan Agreement)
- Counterparty: Existing lenders under Term Loan F
- Original agreement date: Mar 25 2024
- Termination date: Jul 16 2026
- Termination type: Early
- Reason: Replaced and combined into amended $350 million term loan
Original SEC Filing:
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