04:58 PM EDT, 03/26/2024 (MT Newswires) -- STAG Industrial ( STAG ) said Tuesday it will issue $450 million of senior unsecured notes in a private placement at a weighted average fixed interest rate of 6.17%.

The transaction comprises $175 million of 6.05% notes due May 28, 2029; $125 million of 6.17% notes due May 28, 2031; and $150 million of 6.30% notes due May 28, 2034.

STAG Industrial ( STAG ) said it expects to close the offering on May 28.

STAG Industrial ( STAG ) also refinanced a $200 million unsecured term loan originally due in January 2025. The new maturity date for the term loan is March 25, 2027, with the possibility of two one-year extensions, subject to certain conditions.

Price: 37.82, Change: +0.25, Percent Change: +0.67