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Stag Industrial Secures $200 Million Loan

New Unsecured Loan has Accordian Feature for Additional Borrowing Capacity
Boston-based Stag Industrial owns a number of large warehouse-distribution buildings around the U.S., including Building 3 in the Blaine Preserve Business Park in Circle Pines, Minnesota.
Boston-based Stag Industrial owns a number of large warehouse-distribution buildings around the U.S., including Building 3 in the Blaine Preserve Business Park in Circle Pines, Minnesota.
By Jessica Stevenson
CoStar Research
July 25, 2019 | 7:56 P.M.

Stag Industrial, Inc. recently arranged a new $200 million unsecured loan. According to the Boston-based owner of single-tenant industrial properties, the new term loan matures on January 12, 2025, and bears a current interest rate of LIBOR plus a spread of 1.0%.

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