STAG Industrial, Inc. (NYSE: STAG) announced that it entered into a new $350 million unsecured credit facility.  The credit facility consists of a $200 million unsecured senior revolving credit facility and a $150 million unsecured term loan.

"We are extremely pleased with the continued strong support from our banks," said Ben Butcher, the Company's CEO.  "This credit facility allows us to extend the maturity of existing debt as well as increase the capital we have available for future acquisitions enabling us to maintain our conservative capital structure."

The $200 million unsecured revolving credit facility matures on September 10, 2016, has a one-year extension option, and has an accordion feature of up to $300 million.  The $150 million unsecured term loan has a maturity date of September 10, 2017. This credit facility replaces the Company's prior $100 million secured corporate revolving credit facility, which was scheduled to mature on April 20, 2014, and retires the remaining balance of its secured loan with Wells Fargo Bank, which was scheduled to mature in the October 2013.

Borrowings under the credit facility bear interest at a floating rate equal to, at the Company's election, the Eurodollar Rate or the Base Rate plus a spread that depends upon the Borrower's leverage ratio and ranges from 1.65% to 2.25% for Eurodollar Rate based borrowings and from 0.65% to 1.25% for Base Rate based borrowings. At September 13, 2012, the spread on the revolving credit facility and term loan was 1.65%.

As of September 13, 2012, there were no amounts outstanding under the revolving credit facility and $100 million was outstanding under the term loan.

The credit facility was led by a syndicate of financial institutions including Bank of America, N.A., as administrative agent, Letter of Credit Issuer and Swing Line Lender, together with Royal Bank of Canada and Wells Fargo Bank National Association serving as co-syndication Agents. Other lenders include PNC Bank, National Association, Capital One, National Association, Raymond James Bank, N.A., TD Bank, N.A. and UBS Loan Finance LLC.

About STAG Industrial, Inc.
STAG Industrial, Inc. is a fully integrated, full service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG's portfolio consists of 129 properties in 29 states with approximately 22.1 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.