|By PR Newswire||
|December 14, 2012 10:22 PM EST||
BOSTON, Dec. 14, 2012 /PRNewswire/ -- STAG Industrial, Inc. (NYSE: STAG) (the "Company") today 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.
The common stock will be offered under the Company's existing effective shelf registration statement filed with 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 prospectus supplement 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, NY 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 protected]; (c) Raymond James, 880 Carillon Parkway, St. Petersburg, FL 33716, by e-mailing [email protected], or by calling 1-800-248-8863; (d) UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Department, or by calling (888) 827-7275; (e) Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, by calling (800) 326-5897 or by e-mailing [email protected]; or (f) the Internet site of the Securities and Exchange Commission at http://www.sec.gov.
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 166 properties in 31 states with approximately 27.9 million 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 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 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'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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