First Industrial Realty Trust Inc. Prices $450 Million Senior Notes Due 2031 at 5.25%

Reuters05-13

First Industrial Realty Trust Inc. Prices $450 Million Senior Notes Due 2031 at 5.25%

CHICAGO, May 12, 2025 - First Industrial Realty Trust, Inc. $(FR)$, a leader in logistics real estate, has announced the pricing of a $450 million public offering of senior unsecured notes due 2031. The notes carry an interest rate of 5.25% and were priced at 99.265% of the principal amount. They are set to mature on January 15, 2031, with the offering expected to settle on May 14, 2025. The proceeds from this offering will be used for general corporate purposes, including the acquisition and development of additional properties and refinancing existing debt. The offering was managed by J.P. Morgan Securities LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC, among others.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Industrial Realty Trust Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG86240) on May 12, 2025, and is solely responsible for the information contained therein.

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