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STAG INDUSTRIAL RAISES UNSECURED LOAN FACILITIES TO $1 BILLION, REFINANCING $150 MILLION IN UNSECURED LOANS

BOSTON, July 27, 2022 /PRNewswire/ — STAG Industrial, Inc. (the “Company”) (NYSE: STAG) announced today that it has expanded its business $750 million senior unsecured revolving credit facility and refinanced two term loans due in 2023 and 2024.

STAG industry logo. (PRNews Photo/STAG Industrial, Inc.)

The Company increased its revolving credit facility to a notional amount of 1 billion dollars. This corresponds to an increase in turret capacity of $250 million with no change in pricing or due date.

In addition, the company refinanced a 150 million dollars unsecured fixed term loan January 2023 and refinances a $175 million unsecured fixed term loan January 2024 with new term loans totaling $375 million. The term loans are now due January 25, 2028 and carry a total fixed interest rate, including interest rate swaps, of 3.31% at the close.

For the unsecured term loan, which previously matured in 2023, BofA Securities, Inc. acted as Left Lead Arranger and Bookrunner, while Wells Fargo Securities, LLC acted as Joint Lead Arranger and Bookrunner. PNC Bank, National Association, TD Bank, NA, Truist Securities, Inc., RBC Capital Markets and US Bank, National Association acted as Joint Lead Arrangers. Other lenders are Regions Bank, Raymond James BankNA, BMO Capital Markets Corp. and the bank of East AsiaLimited.

For the unsecured term loan, which previously matured in 2024, Wells Fargo Securities, LLC acted as Left Lead Arranger and Bookrunner, while BofA Securities, Inc. acted as Joint Lead Arranger and Bookrunner. TD Securities, LLC, Regions Capital Markets, PNC Capital Markets, LLC and BMO Capital Markets Corp. acted as joint lead arranger. Other lenders include Raymond James BankNA, Royal Bank of CanadaThe bank of East AsiaLimited, US Bank, National Association and Truist Securities, Inc.

For the Senior Unsecured Revolving Credit Facility, Wells Fargo Securities, LLC acted as Left Lead Arranger and Bookrunner, while BofA Securities, Inc. acted as Joint Lead Arranger and Bookrunner. TD Securities, LLC, Regions Capital Markets, PNC Capital Markets, LLC, Truist Securities, Inc., Citibank, NA, and US Bank National Association acted as Joint Lead Arrangers. Other lenders include BMO Capital Markets Corp., Raymond James BankNA, Royal Bank of CanadaThe bank of East AsiaLimited and Associated Bank, NA

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on acquiring, owning and operating industrial properties The United States. away June 30, 2022The Company’s portfolio consists of 559 buildings in 40 states with approximately 111.5 million rentable square feet.

For more information, visit the company’s website at www.stagindustrial.com.

Forward-Looking Statements

This press release, together with other statements and information that the Company is publicly distributing, 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 to apply such forward-looking statements within the safe harbor requirements for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of compliance with such safe harbor requirements. Forward-looking statements that are based on certain assumptions and describe the Company’s future plans, strategies and expectations are generally identified by the use of the words “believe”, “will”, “expect”, “intend”, “anticipate”, “estimate”. ‘, ‘should’, ‘forecast’ or similar expressions. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control that could materially affect actual results, performance or achievements. Factors that could cause actual results to differ materially from current expectations include, among others, the risk factors described in the Company’s Annual Report on Form 10-K for the current year December 31, 2021, updated by the Company’s Quarterly Reports on Form 10-Q. Accordingly, there can be no assurance that the Company’s expectations will be met. Except as otherwise required by federal securities laws, the Company disclaims any obligation or undertaking to release any update or revision of any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances, on which such a statement is based.

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SOURCE STAG Industrial, Inc.

Richard Dement

The author Richard Dement