trending Market Intelligence /marketintelligence/en/news-insights/trending/8onliue0gwyt3vs9gpkfca2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

STAG Industrial closes $500M credit facility, $175M term loan

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

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


STAG Industrial closes $500M credit facility, $175M term loan

Industrial real estate investment trust STAG Industrial Inc. closed on a $500 million senior unsecured revolving credit facility and a $175 million unsecured term loan.

The new facility expires Jan. 15, 2023, with two six-month extension options, and bears interest at the London Interbank Offered Rate plus a spread of 1.05% and a facility fee of 15 basis points.

The new term loan expires Jan. 15, 2024, bears interest rate at LIBOR plus a spread of 1.20%, and features a 12-month delayed-draw feature.

Both the facility and term loan include accordion features that allow the company to boost their sizes to $1 billion and $350 million, respectively.

Wells Fargo Securities LLC and Merrill Lynch Pierce Fenner and Smith Inc. served as lead arrangers and book runners, with Wells Fargo Bank NA serving as administrative agent, an L/C issuer and the swing-line lender.

Bank of America NA serves as syndication agent and an L/C issuer. Capital One NA, PNC Capital Markets LLC, Regions Capital Markets and TD Securities (USA) LLC are joint lead arrangers and co-documentation agents.

Citibank NA, Raymond James Bank NA, Royal Bank of Canada and U.S. Bank NA serve as co-senior managing agents. Other lenders include Branch Banking and Trust Co. and Bank of Montreal.