STAG Industrial, Inc. Announces Public Offering Of Common Stock
BOSTON, Jan. 15, 2013
BOSTON, Jan.15, 2013 /PRNewswire/ --STAG Industrial, Inc. (NYSE: STAG) (the
"Company") today announced the commencement of an underwritten public offering
of 5,000,000 shares of its common stock. The Company intends to grant the
underwriters of the offering a 30-day option to purchase up to an additional
750,000 shares of common stock.
The Company intends to use the net proceeds of the offering to repay
indebtedness outstanding under its unsecured corporate revolving credit
facility (which indebtedness was used to fund recent acquisitions), to fund
acquisitions currently under contract, for general working capital purposes,
or a combination of the foregoing.
RBC Capital Markets, BofA Merrill Lynch and Wells Fargo Securities will serve
as the joint book-running managers for the offering.
A registration statement relating to these securities has been declared
effective by the Securities and Exchange Commission. This press release does
not constitute an offer to sell or the solicitation of an offer to buy these
securities, nor will there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such state or
The offering of these securities will be made only by means of a prospectus
supplement and related base prospectus. Copies of the preliminary prospectus
supplement, final prospectus supplement (when available) and the related base
prospectus may be obtained from (a) RBC Capital Markets, Attention: Equity
Syndicate, Three World Financial Center, 200 Vesey Street, 8th floor, New
York, New York 10281-8098, or by calling (877) 822-4089; (b) BofA Merrill
Lynch, Attention: Prospectus Department, 222 Broadway, 7th Floor, New York, NY
10038, or by e-mailing email@example.com; (c) Wells Fargo
Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York,
NY 10152, by calling (800) 326-5897 or by e-mailing
firstname.lastname@example.org; or (d) the Internet site of the Securities and
Exchange Commission at http://www.sec.gov.
About STAG Industrial, Inc.
STAG Industrial,Inc. is a full-service real estate company focused on the
acquisition, ownership and management of single-tenant industrial properties
throughout the United States. The Company's portfolio consists of 172
properties in 31 states with approximately 29.4million rentable square feet.
This press release, together with other statements and information publicly
disseminated by the Company, contains certain forward-looking statements
within the meaning of Section27A of the Securities Act of 1933, as amended,
and Section21E of the Securities Exchange Act of 1934, as amended. The
Company intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this statement for
purposes of complying with these safe harbor provisions. Forward-looking
statements, which are based on certain assumptions and describe the Company's
future plans, strategies and expectations, are generally identifiable by use
of the words "believe," "will," "expect," "intend," "anticipate," "estimate,"
"should," "project" or similar expressions. Forward-looking statements in this
press release include, among others, statements about the terms and size of
the offering and the use of proceeds from the offering. You should not rely on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond the Company's
control and which could materially affect actual results, performances or
achievements. Factors that may cause actual results to differ materially from
current expectations include, but are not limited to, the risk factors
discussed in the Company's Annual Report on Form 10-K for the year ended
December 31, 2011, as updated by the Company'sQuarterly Reports on Form
10-Q. Accordingly, there is no assurance that the Company's expectations will
be realized. Except as otherwise required by the federal securities laws, the
Company disclaims any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained herein (or
elsewhere) to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based.
SOURCE STAG Industrial, Inc.
Contact: Gregory W. Sullivan, Chief Financial Officer, STAG Industrial, Inc.,
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