STAG Industrial, Inc. announced that it upsized its $750 million senior unsecured revolving credit facility and refinanced two term loans scheduled to mature in 2023 and 2024. The Company upsized its revolving credit facility to a notional of $1 billion dollars. This represents an increase in revolver capacity of $250 million dollars with no change to pricing or maturity date.

In addition, the Company refinanced a $150 million unsecured term loan that was set to mature in January 2023 and refinanced a $175 million unsecured term loan that was set to mature in January 2024 with new term loans totaling $375 million dollars. The term loans now mature January 25, 2028 and bear an aggregate fixed interest rate, inclusive of interest rate swaps, of 3.31% at close. For the unsecured term loan previously maturing in 2023, BofA Securities, Inc. served as Left Lead Arranger and Bookrunner, with Wells Fargo Securities, LLC serving as a Joint Lead Arranger and Bookrunner.

PNC Bank, National Association, TD Bank, N.A., Truist Securities, Inc., RBC Capital Markets, and U.S. Bank, National Association served as Joint Lead Arrangers. Other lenders include Regions Bank, Raymond James Bank, N.A., BMO Capital Markets Corp., and the Bank of East Asia, Limited. For the unsecured term loan previously maturing in 2024, Wells Fargo Securities, LLC served as Left Lead Arranger and Bookrunner, with BofA Securities, Inc. serving as a Joint Lead Arranger and Bookrunner.

TD Securities, LLC, Regions Capital Markets, PNC Capital Markets, LLC, and BMO Capital Markets Corp. served as Joint Lead Arrangers. Other lenders include Raymond James Bank, N.A., Royal Bank of Canada, The Bank of East Asia, Limited, U.S. Bank, National Association and Truist Securities, Inc. For the senior unsecured revolving credit facility, Wells Fargo Securities, LLC served as Left Lead Arranger and Bookrunner, with BofA Securities, Inc., serving as a Joint Lead Arranger and Bookrunner.

TD Securities, LLC, Regions Capital Markets, PNC Capital Markets, LLC, Truist Securities, Inc., Citibank, N.A., and U.S. Bank National Association served as Joint Lead Arrangers. Other lenders include BMO Capital Markets Corp., Raymond James Bank, N.A., Royal Bank of Canada, The Bank of East Asia, Limited, and Associated Bank, N.A.