STAG Industrial, Inc. announced that it has entered into a note purchase agreement for a private placement of aggregate of $450 million on March 13, 2024. The transaction will include participation from new lender, STAG Industrial Operating Partnership, L.P. The company has issued 6.05% series A senior guaranteed unsecured notes, due May 28, 2029, for gross proceeds of $175 million, 6.17% series B senior guaranteed unsecured notes, due May 28, 2031, for gross proceeds of $125 million and 6.30% series C senior guaranteed unsecured notes, due May 28, 2034, for gross proceeds of $150 million. The transaction is expected to close on May 28, 2024.

The interest on the notes will be payable semiannually.