Stag Industrial ups financing flexibility

Stag Industrial (STAG +0.1%) closes on a new $150M unsecured loan with 7-year term. The floating-rate note allows an increase in total commitments to $250M.

CEO Ben Butcher: "This is another important component of our capital structure as we continue to ladder out our debt maturities in support of our conservative debt strategy."

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Comments (1)
  • COBeeMan
    , contributor
    Comments (2978) | Send Message
    I would have preferred not having a floating rate in this environment...
    27 Mar 2014, 11:15 AM Reply Like
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