STAG Industrial (STAG) said Tuesday it has agreed to issue $550 million in senior unsecured notes via a private placement.
The fixed-rate notes carry a weighted average interest rate of 5.65% and an average maturity of 6.5 years, the company said.
The offering includes $350 million in five-year notes at 5.50% interest, due June 25, 2030 along with $100 million in eight-year notes at 5.82%, maturing June 25, 2033, and $100 million in ten-year notes at 5.99%, due June 25, 2035, it added.
The company expects to close the deal on June 25, 2025, according to a statement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.