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STAG Industrial Inc. has refinanced its $1 billion senior unsecured revolving credit facility. The new revolving credit facility has a maturity date set in 2028 and two six-month extension options, subject to certain conditions and no changes to pricing. The refinance resulted in extending the company’s weighted average debt maturities.

Wells Fargo Securities LLC served as left lead arranger and bookrunner, with BofA Securities Inc. acting as joint lead arranger and bookrunner. Bank of Montreal, Citibank N.A, PNC Capital Markets LLC, Regions Capital Markets, TD Bank N.A., The Huntington National Bank, Truist Bank and U.S. Bank N.A. served as joint lead arrangers. Other lenders included Raymond James Bank N.A., Royal Bank of Canada and Associated Bank N.A.