STAG Industrial Closes New $200 Million Unsecured Term Loan

BOSTON, July 16, 2019 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that it closed a new $200 million unsecured term loan on July 12, 2019.

The new term loan matures on January 12, 2025, bears a current interest rate of LIBOR plus a spread of 1.00%, and features a twelve-month delayed-draw feature. The new term loan includes an accordion feature that allows the Company to increase the aggregate size of the term loan to $400 million, subject to certain conditions. The Company entered into interest rate swaps to fix the interest rate of the term loan at 3.11% through the maturity date.

Wells Fargo, Securities, LLC served as Left Lead Arranger and Bookrunner, with Capital One, National Association, BofA Securities, Inc and U.S. Bank National Association serving as Joint Lead Arrangers and Bookrunners. TD Bank, N.A. and PNC Bank, National Association served as Co-Documentation Agents. Other lenders include Regions Bank, Raymond James Bank, N.A., Branch Banking and Trust Company, and Bank of Montreal.

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 395 properties in 38 states with approximately 78.2 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, 2018 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.

SOURCE STAG Industrial, Inc.