STAG Industrial (STAG) said Tuesday it has agreed to issue $550 million in senior unsecured notes via a private placement.

The fixed-rate notes carry a weighted average interest rate of 5.65% and an average maturity of 6.5 years, the company said.

The offering includes $350 million in five-year notes at 5.50% interest, due June 25, 2030 along with $100 million in eight-year notes at 5.82%, maturing June 25, 2033, and $100 million in ten-year notes at 5.99%, due June 25, 2035, it added.

The company expects to close the deal on June 25, 2025, according to a statement.