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First Industrial Realty Trust Closes $425 Million and $375 Million Unsecured Term Loans
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 an interest rate of SOFR plus 85 basis points based on the Company's current credit ratings
About this update from First Industrial Realty Trust, Inc.
[{"type":"text","content":"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 an interest rate of SOFR plus 85 basis points based on the Company's current credit ratings. The previous 10 basis point SOFR adjustment was eliminated from this loan.","length":628,"tagName":"p"},{"type":"image","alt":"First Industrial Realty Trust logo. (PRNewsFoto/First Industrial Realty Trust)","displaySize":"","headline":null,"caption":"First Industrial Realty Trust logo. (PRNewsFoto/First Industrial Realty Trust)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":144,"url":"https://media.zenfs.com/en/prnewswire.com/0c8ae7d25a05b669d20981b4c37b1819"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dTEPYnjNUonHufow7uYScw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0c8ae7d25a05b669d20981b4c37b1819","width":400,"height":144}},"href":"https://mma.prnewswire.com/media/76368/first_industrial_realty_trust_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Wells Fargo Securities, LLC and PNC Capital Markets LLC served as the Joint Lead Arrangers and Joint Book Runners. BofA Securities, Inc., U.S. Bank National Association, Regions Capital Markets, Fifth Third Bank, National Association and Associated Bank served as additional Joint Lead Arrangers, with Wells Fargo Bank, National Association as Administrative Agent, and PNC Bank, National Association, Bank of America, N.A., U.S. Bank National Association, Regions Bank, Fifth Third Bank, National Association and Associated Bank as Co-Syndication Agents. American Savings Bank also participated in the term loan.","length":613,"tagName":"p"},{"type":"text","content":"The Company also refinanced its $300 million term loan and expanded its size to $375 million with an initial maturity date of January 22, 2029 with two one-year extension options at the Company's discretion, subject to certain conditions. The term loan provid...