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AI brief of an SEC Form 8-K · STAG Industrial (STAG)

STAG Industrial extends $1.0 billion unsecured credit facility to September 2028

Neutral Impact 3 of 5 financing Written later

STAG Industrial and its operating partnership entered into an amended and restated credit agreement with Wells Fargo Bank and other lenders on September 10, 2024, for its $1.0 billion unsecured credit facility. The main change extends the maturity from October 24, 2025 to September 8, 2028, with two six-month extension options at the company's discretion, subject to conditions including a fee. The filing does not state a change in borrowing capacity, and the company says other material terms are unchanged.

Key points

  • Maturity extended from October 24, 2025 to September 8, 2028, with two six-month extension options
  • Facility is $1.0 billion and unsecured; the agreement was signed September 10, 2024
  • As of September 10, 2024, the stated rate was one-month Adjusted Term SOFR (including a 0.10% adjustment) plus a 0.775% spread
  • Rate terms can include a 0.10% increase for SOFR loans and a spread tied to debt rating and leverage ratio

The filing

CompanySTAG Industrial (STAG)
Form8-K, current report
Filed with the SECSep 12, 2024, 4:06 PM ET
Accession number0001104659-24-099314

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 12, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.