BOSTON, April 11, 2018 /PRNewswire/ -- STAG
Industrial, Inc. (the "Company") (NYSE: STAG) today announced that
it entered into a note purchase agreement to issue $175 million of fixed rate senior unsecured notes
in a private placement offering with a weighted average interest
rate of 4.20% as of the issuance date. The transaction consists of
$75 million of 4.10% notes with a
seven-year term maturing on June 13,
2025, and $100 million of
4.27% notes with a ten-year term maturing on June 13, 2028.
The Company anticipates closing the offering on or about
June 13, 2018.
The notes have not been and will not be registered under
the Securities Act of 1933 or the securities laws of any state
or other jurisdiction and may not be offered or sold in
the United States or any other
jurisdiction absent registration or an exemption from the
registration requirements of the Securities Act of 1933 and the
applicable securities laws of any state or other jurisdiction.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust (REIT)
focused on the acquisition and operation of single-tenant,
industrial properties throughout the
United States. The Company's portfolio consists of 356
properties in 37 states with approximately 70 million rentable
square feet.
For additional information, please visit the Company's website
at www.stagindustrial.com.
Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by the Company, contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company intends
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Forward-looking statements, which are based on certain
assumptions and describe the Company's future plans, strategies and
expectations, are generally identifiable by use of the words
"believe," "will," "expect," "intend," "anticipate," "estimate,"
"should," "project" or similar expressions. You should not rely on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors that are, in some cases,
beyond the Company's control and which could materially affect
actual results, performances or achievements. Factors that may
cause actual results to differ materially from current expectations
include, but are not limited to, the risk factors discussed in the
Company's annual report on Form 10-K for the year ended
December 31, 2017 as updated by the
Company's quarterly reports on Form 10-Q. Accordingly, there is no
assurance that the Company's expectations will be realized. Except
as otherwise required by the federal securities laws, the Company
disclaims any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained
herein (or elsewhere) to reflect any change in the Company's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
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SOURCE STAG Industrial, Inc.