Operator
Greetings, and welcome to the STAG Industrial First Quarter 2021 Earnings Call. [Operator Instructions] [Operator Instructions]
I d now like to turn the conference over to your host, Mr. Matts Pinard, Senior Vice President of Investor Relations for STAG Industrial. Thank you. You may begin.
Matts S. Pinard
Senior Vice President of Capital Markets and Investor Relations
Thank you. Welcome to STAG Industrial s conference call covering the first quarter 2021 results. In addition to the press release distributed yesterday, we have posted an unaudited quarterly supplemental information presentation on the company s website at stagindustrial.com under the Investor Relations section. On today s call, the company s prepared remarks and answers to your questions will contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.
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BOSTON, May 4, 2021 /PRNewswire/ STAG Industrial, Inc. (the Company ) (NYSE:STAG) today announced the promotion of William R. Crooker to the position of President, in addition to his current positions as Chief Financial Officer and Treasurer. I am thrilled to announce the promotion of Bill to the additional role of President, said Ben Butcher, Chairman and Chief Executive Officer of the Company. This new role is reflective of Bill s contributions to our success and to his maturation as a leader of our Company.
Mr. Crooker has served as Executive Vice President, Chief Financial Officer, and Treasurer since 2016. Previously, Mr. Crooker served as Chief Accounting Officer from 2011 to 2016 and Senior Vice President of Capital Markets from 2015 to 2016. Prior to the formation of the Company, Mr. Crooker served as Chief Accounting Officer for its predecessor STAG Capital Partners, LLC from 2010 to 2011, where he was responsible for accou
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BOSTON, May 4, 2021 /PRNewswire/ STAG Industrial, Inc. (the Company ) (NYSE:STAG) today announced the promotion of William R. Crooker to the position of President, in addition to his current positions as Chief Financial Officer and Treasurer. I am thrilled to announce the promotion of Bill to the additional role of President, said Ben Butcher, Chairman and Chief Executive Officer of the Company. This new role is reflective of Bill s contributions to our success and to his maturation as a leader of our Company.
Mr. Crooker has served as Executive Vice President, Chief Financial Officer, and Treasurer since 2016. Previously, Mr. Crooker served as Chief Accounting Officer from 2011 to 2016 and Senior Vice President of Capital Markets from 2015 to 2016. Prior to the formation of the Company, Mr. Crooker served as Chief Accounting Officer for its predecessor STAG Capital Partners, LLC from 2010 to 2011, where he was responsible for accou
Greetings. Welcome to STAG Industrial s Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I will now turn the conference over to Matts Pinard, Vice President, Investor Relations. Please go ahead.
Matts S. Pinard
Senior Vice President of Capital Markets and Investor Relations
Thank you. Welcome to STAG Industrial s conference call covering fourth quarter 2020 results. In addition to the press release distributed yesterday, we posted an unaudited quarterly supplemental information presentation on the Company s website at stagindustrial.com under the Investor Relations section.
On today s call, the Company s prepared remarks and answers to your questions will contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. Examples of forward-looking statements include
STAG Industrial Increases Unsecured Credit Facility Capacity And Refinances Term Loan
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BOSTON, Feb. 8, 2021 /PRNewswire/ STAG Industrial, Inc. (the Company ) (NYSE:STAG) today announced that it has increased the capacity of the Company s unsecured credit facility to $750 million and refinanced $300 million of term loan debt.
The Company exercised the accordion option of its unsecured credit facility capacity and increased its borrowing capacity from $500 million to $750 million with no change to pricing, maturity, and terms. The transaction included a reduction in the LIBOR floor from 25 basis points to zero basis points.
In addition, the Company refinanced the $300 million unsecured term loan G, which was previously set to mature in April 2021, before extension options. The refinanced term loan bears a current interest rate of LIBOR plus a spread of 1.00%, a 50 basis point spread reduction from the previous term loan,