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1.40478990858066E-16 1.40478990858066E-16 1.40478990858066E-16 1.40478990858066E-16 0.000395413206801169 -0.00197706603400542 0.00237247924080673 0.00988533017002782
Stock impact report

STAG Industrial Refinances $300 Million in Unsecured Debt

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: PR Newswire
BOSTON, April 20, 2020 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that it refinanced $300 million of unsecured debt previously scheduled to mature within the next year. The Company refinanced the $150 million unsecured term loan C, which would have matured on September 29, 2020, and the $150 million unsecured term loan B, which would have matured on March 21, 2021. The new term loan has an initial maturity date of April 16, 2021 and is subject to two one-year extension options at the Company's discretion, subject to certain conditions. The new term loan bears a current interest rate of LIBOR plus a spread of 1.50%, subject to a minimum LIBOR rate of 0.25%. The new term loan also includes an accordion feature that allows the Company to increase the aggregate size of the term loan to $600 million, subject to certain conditions. The Company entered into interest rate swaps to fix the interest rate of the new term loan at 1.78% through April 18 Show less Read more
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