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STAG Industrial Inc Announces At-The-Market Equity Program


Friday, 14 Dec 2012 10:22pm EST 

STAG Industrial Inc announced that it has filed a prospectus supplement under which it may from time to time sell an aggregate of up to $75 million of its shares of common stock through an at-the-market offering program. The shares may be offered through RBC Capital Markets, BofA Merrill Lynch, Raymond James, UBS Investment Bank, or Wells Fargo Securities, each of whom may act as sales agent. Sales are anticipated to be made primarily in transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange. Sales may also be made in negotiated transactions. The Company intends to use any proceeds of the offering to fund acquisitions, to repay indebtedness, including amounts outstanding under its unsecured corporate revolving credit facility and for working capital and other general corporate purposes. 

Company Quote

21.05
-0.3 -1.41%
4:04pm EDT