US EditionFirst Industrial Realty Trust Closes $425 Million and $375 Million Unsecured Term Loans - First Industrial Realty (NYSE:FR)
First Industrial refinanced and expanded term loans to $800 million total with SOFR-based pricing to optimize debt terms and liquidity, offering initial rates of SOFR plus 85 basis points.
- First Industrial Realty Trust, Inc. refinanced its $425 million unsecured term loan with an initial maturity of January 22, 2030, at SOFR plus 85 basis points, the company said.
- Amending and expanding other facilities, First Industrial Realty Trust, Inc. amended a $200 million unsecured term loan to remove a 10 basis point SOFR adjustment and expanded a $300 million term loan to $375 million with initial maturity January 22, 2029.
- Wells Fargo Securities, LLC and PNC Capital Markets LLC served as Joint Lead Arrangers and Joint Book Runners, with JPMorgan Chase Bank, N.A., Royal Bank of Canada, and American Savings Bank in the syndicate, and Wells Fargo Bank, National Association as Administrative Agent.
- First Industrial Realty Trust, Inc. warned investors the press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 and noted interest-rate and financing availability risks could materially affect prospects.
- First Industrial, a U.S.-only logistics REIT, said CFO Scott Musil `We thank our banking partners for their support in refinancing` the $425M loan, supporting long-term growth.
26 Articles
26 Articles
First Industrial Realty Trust Closes $425 Million and $375 Million Unsecured Term Loans
CHICAGO, Jan. 22, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced the refinancing of its $425 million unsecured term loan with an initial maturity…
First Industrial Realty Trust Closes $425 Million and $375 Million Unsecured Term Loans - First Industrial Realty (NYSE:FR)
CHICAGO, Jan. 22, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced the refinancing of its $425 million unsecured term loan with an initial maturity date of January 22, 2030 with a one-year extension option at the Company's discretion, subject to certain conditions. The term loan provides for interest-only payments initially at a…
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