STAG Industrial, Inc. filed an 8-K on October 29, 2026, reporting that on October 27, 2026, the company and its operating partnership entered into amendments to three note purchase agreements covering five series of senior unsecured notes.

Key Highlights

  • Three note purchase agreements amended: Amendments were made to agreements originally dated December 18, 2014, April 10, 2018, and July 8, 2021, according to the filing.
  • Five note series covered: The amendments affect $80 million of 4.42% notes due December 30, 2026; $20 million of 4.42% notes due February 20, 2027; $100 million of 4.27% notes due June 13, 2028; $275.0 million of 2.80% notes due September 29, 2031; and $50.0 million of 2.95% notes due September 28, 2033.
  • Guaranty release provision added: The amendments provide for the release of property-owning subsidiaries from their respective guaranty instruments if, among other conditions, the subsidiaries no longer guarantee other indebtedness.
  • Other terms unchanged: The filing states that "the other material terms of each of the note purchase agreements remain unchanged."
  • Exchange listing: Common stock is listed on the New York Stock Exchange under ticker NYSE:STAG.

STAG Industrial Modifies Guaranty Terms Across Senior Unsecured Note Portfolio

On October 27, 2026, STAG Industrial, Inc. and its operating partnership, STAG Industrial Operating Partnership, L.P., entered into what the filing collectively calls the "Amendments" to three existing note purchase agreements, according to the 8-K filed with the SEC on October 29, 2026. The filing was signed by Jeffrey M. Sullivan, Executive Vice President, General Counsel and Secretary.

The three agreements amended cover five distinct series of senior unsecured notes. The first, originally dated December 18, 2014, relates to $80 million of 4.42% senior unsecured notes due December 30, 2026, and $20 million of 4.42% senior unsecured notes due February 20, 2027. The second, originally dated April 10, 2018, relates to $100 million of 4.27% senior unsecured notes due June 13, 2028. The third, originally dated July 8, 2021, relates to $275.0 million of 2.80% senior unsecured notes due September 29, 2031, and $50.0 million of 2.95% senior unsecured notes due September 28, 2033.

The core change introduced by the amendments, as described in the filing, is a mechanism permitting the company's property-owning subsidiaries to be released from their respective guaranty instruments, provided that, "among other conditions, the subsidiaries no longer guarantee other indebtedness." The filing emphasizes that the description of the amendments "does not purport to be complete" and directs readers to the full amendment documents filed as Exhibits 10.1, 10.2, and 10.3. The company also cross-referenced the information under Item 2.03, addressing the creation of or change to a direct financial obligation.

What Was Disclosed

STAG Industrial disclosed amendments to three note purchase agreements governing five series of senior unsecured notes totaling approximately $525 million in principal. The amendments primarily address conditions under which property-owning subsidiary guarantees may be released, with all other material terms stated as unchanged.