trending Market Intelligence /marketintelligence/en/news-insights/trending/62oSMg5KPNfTOb9x7TdrlA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

STAG Industrial launches 8 million-common-share offering

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

STAG Industrial launches 8 million-common-share offering

STAG Industrial Inc. is selling 8.0 million common shares in a public offering.

The offering comprises 5.6 million shares offered directly by the industrial real estate investment trust and 2.4 million shares offered under a forward-sale agreement the REIT expects to sign with BofA Securities or its affiliate.

STAG and BofA Securities plan to grant a 30-day option to the underwriters to buy up to 1.2 million additional shares. Based on the REIT's Jan. 13 closing stock price of $32.02 per share and assuming the full exercise of the additional-share option, gross offering proceeds are expected to come to about $294.6 million.

The REIT plans to use the net proceeds to fund acquisitions, to repay outstanding debt under its $500 million unsecured credit facility, for working capital and other general corporate purposes.

BofA Securities and Wells Fargo Securities will be the joint book-running managers for the offering.