By Lisa Kerner
Charlotte, N.C., Nov. 24 – STAG Industrial, Inc. announced it agreed to price $200 million of senior unsecured notes.
The company’s operating partnership will issue the notes in a private placement as follows:
• $100 million of 10-year 4.32% senior notes; and
• $100 million of 12-year 4.42% senior notes.
The 10-year notes will be issued on or around Feb. 20, according to a company news release.
STAG plans to issue $80 million of the 12-year notes on or around Dec. 30, and the remaining $20 million of the 12-year notes on or around Feb. 20.
STAG Industrial is a Boston-based real estate company.
| Issuer: | STAG Industrial, Inc.
|
| Issue: | Senior unsecured notes
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| Total amount: | $200 million
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| Distribution: | Private placement
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| Announced: | Nov. 24
|
|
|
| Amount: | $100 million
|
| Coupon: | 4.32%
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| Maturity: | 10 years
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| Settlement date: | Feb. 20
|
|
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| Amount: | $80 million
|
| Coupon: | 4.42%
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| Maturity: | 12 years
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| Settlement dates: Dec. 30 (for $80 million); Feb. 20 (for $20 million)
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