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Stock impact report

STAG Industrial Announces Pricing Of Public Offering Of Common Stock [MarketWatch]

Stag Industrial, Inc. (STAG) 
Last stag industrial, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NYSE Investor Relations: stagindustrial.com
Company Research Source: MarketWatch
the pricing of its public offering of an aggregate of 8,000,000 shares of its common stock, consisting of 5,250,000 shares offered directly by the Company and 2,750,000 shares offered on a forward basis in connection with the forward sale agreement described below, for gross proceeds of approximately $340.0 million. The forward purchaser (or its affiliate) and the Company have also granted the underwriters of the offering a 30-day option to purchase up to an additional 1,200,000 shares of common stock. The offering is expected to close on November 8, 2021, subject to customary closing conditions. The Company intends to use the net proceeds from the offering and the net proceeds, if any, received upon the settlement of the forward sale agreement to fund acquisitions, to repay indebtedness outstanding under its unsecured credit facility (which was incurred to fund acquisitions and for working capital purposes), for working capital and other general corporate purposes, or a combination Show less Read more
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