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Amid the COVID-19 pandemic, the global market for Sterilization Technologies is anticipated to record a robust growth during 2019-2021 period.
As we pass through the Pandemic, hopefully, in 2021, a huge growth mainly expected from the medical equipment sterilization applications, we anticipate elective procedure volumes to begin to normalize as soon as hospitals get to the other side of COVID-19 peaks and can begin to address the pent-up demand for these procedures. In the long term, demand for Sterilization Technologies is projected to record a CAGR of 6.4% between 2019 and 2026 to reach US$13.7 billion by 2026.
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BOSTON, March 1, 2021 /PRNewswire/ STAG Industrial, Inc. (the Company ) (NYSE:STAG) today provided notice to the holders of its 6.875% Series C Cumulative Redeemable Preferred Stock (NYSE: STAG-PC) (the Series C Preferred Stock ) of the redemption of all 3,000,000 outstanding shares of the Series C Preferred Stock.
The Company will redeem the Series C Preferred Stock for a cash redemption price of $25.00 per share, plus accrued and unpaid dividends to but excluding the redemption date, without interest. The redemption date will be March 31, 2021. On the redemption date, dividends on the Series C Preferred Stock will cease to accrue.
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,
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Land & Buildings Issues Letter to Monmouth Real Estate Shareholders
January 26, 2021 GMT
STAMFORD, Conn. (BUSINESS WIRE) Jan 26, 2021
Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”) today issued the following letter to shareholders of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) regarding the Company’s flawed strategic alternatives process and Land & Buildings’ nomination of four highly-qualified director candidates for election at Monmouth’s 2021 Annual Meeting of Shareholders (“2021 Annual Meeting”).
The full text of the letter follows:
January 26, 2021