UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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ITEM 8.01. | OTHER EVENTS. |
As described in the Current Report on Form 8-K filed by STAG Industrial, Inc. (the “Company”), on November 8, 2021, the Company and its operating partnership, STAG Industrial Operating Partnership, L.P. (the “Operating Partnership”), entered into an underwriting agreement, dated as of November 3, 2021 (the “Underwriting Agreement”) with BofA Securities, Inc., as representative of the several underwriters named therein (collectively, the “Underwriters”), and as the seller of the Borrowed Securities (as defined in the Underwriting Agreement) (in such capacity, the “Forward Seller”) and an affiliate of BofA Securities, Inc. (in such capacity, the “Forward Purchaser”) relating to the sale of (i) 5,250,000 shares of common stock, par value $0.01 per share, of the Company (“Common Stock”), by the Company to the Underwriters at a price to the Underwriters of $41.99 per share and (ii) 2,750,000 shares of Common Stock, by the Forward Seller to the Underwriters.
On December 1, 2021, the Underwriters exercised their option in full to purchase up to an additional 1,200,000 shares of Common Stock (the “Option Securities”). On December 2, 2021, the Company entered into an additional forward sale agreement with the Forward Purchaser (the “Additional Forward Sale Agreement”) relating to the exercise of the Option Securities. The Company will not initially receive any proceeds from the entry into the Additional Forward Sale Agreement and the sale of the Option Securities by the Forward Seller under the Underwriting Agreement. The closing of the sale of the Option Securities occurred on December 3, 2021.
The Common Stock, including the Option Securities, offered pursuant to the Underwriting Agreement has been registered on the Company’s registration statement on Form S-3 (File No. 333-229661), which became effective upon filing with the Securities and Exchange Commission on February 13, 2019, and a prospectus supplement dated November 3, 2021.
The foregoing description is qualified in its entirety by reference to the Additional Forward Sale Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.
ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits.
Exhibit Number |
Description | |
1.1 | Confirmation of Issuer Share Forward Sale Transaction, dated December 2, 2021, by and among STAG Industrial, Inc., STAG Industrial Operating Partnership, L.P. and an affiliate of BofA Securities, Inc. | |
104 | Cover Page Interactive Data File (embedded within the XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STAG INDUSTRIAL, INC. | ||
By: | /s/ Jeffrey M. Sullivan | |
Jeffrey M. Sullivan | ||
Executive Vice President, General Counsel and Secretary | ||
Dated: December 6, 2021 |