Loan & DebtJul 22, 2026, 04:18 PM
STAG Industrial Consolidates, Extends $350M Term Loan, Reduces Spreads
AI Summary
STAG Industrial, Inc. has amended its debt agreements, consolidating two unsecured term loans totaling $350 million into a single facility and extending its maturity to January 16, 2032. The company also reduced the applicable interest spread by five basis points across this new term loan, its $1.0 billion unsecured credit facility, and three other unsecured term loans (G, H, and I). Additionally, the floating interest rate for the $350 million loan was swapped to an all-in fixed rate.
Key Highlights
- Consolidated $150 million and $200 million unsecured term loans into a new $350 million Amended Unsecured Term Loan A.
- Extended the maturity date of the $350 million Amended Unsecured Term Loan A to January 16, 2032.
- Reduced the applicable interest spread by five basis points for the $350 million term loan.
- Fixed interest rate for $150 million of the loan: 2.01% until March 15, 2027, then 4.79% until January 16, 2032.
- Fixed interest rate for $200 million of the loan: 4.68% until March 25, 2027, then 4.79% until January 16, 2032.
- Reduced the applicable interest spread by five basis points for the $1.0 billion unsecured credit facility.
- Reduced the applicable interest spread by five basis points for Unsecured Term Loans G, H, and I.
Price Impact
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