BOSTON, Aug. 10, 2012 /PRNewswire/ -- STAG Industrial, Inc. (NYSE: STAG) (the "Company") today announced the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $14.15. The offering is expected to close on August 15, 2012. The Company granted the underwriters of the offering a 30-day option to purchase up to an additional 1,200,000 shares of common stock.
The Company intends to use the net proceeds of the offering to fund a portion of the anticipated $138.8 million purchase price of the STAG Investments II, LLC portfolio or other acquisitions currently under contract, to repay indebtedness outstanding under its secured corporate revolving credit facility, to repay indebtedness outstanding under its Wells Fargo Master Loan, for general working capital purposes, or a combination of the foregoing.
BofA Merrill Lynch, RBC Capital Markets and Wells Fargo Securities served as the joint book-running managers for the offering. Raymond James and UBS Investment Bank served as lead managers, and Evercore Partners served as co-manager.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 jurisdiction. 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) BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, 7th Floor, New York, NY 10038, or e-mail firstname.lastname@example.org; (b) 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; or (c) Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by calling (800) 326-5897 or e-mail a request to email@example.com. 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. The Company's portfolio consists of 124 properties in 29 states with approximately 21.1 million rentable square feet. Forward-Looking Statements This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E 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 expected closing 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's Quarterly 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.
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