Stag Industrial ups financing flexibility

|By:, SA News Editor

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."