Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 47

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
/20272025 Unsecured Term Loan (A)(C)200,000 — 1.81%N/A3/17/2028Subtotal$925,000 $925,000 Unamortized Debt Issuance Costs(2,898)(2,524)Unsecured Term Loans, Net $922,102 $922,476 Unsecured Credit Facility (D)$24,000 $282,000 5.07%N/A3/16/2029_______________(A) The interest rate at June 30, 2025 includes the impact of derivative instruments which effectively convert the variable rate of the debt to a fixed rate. See Note 10. (B) At our option, we may extend the maturity pursuant to two one-year extension options, subject to certain conditions. During the six months ended June 30, 2025, we delivered notice to the lenders to exercise the first one-year extension option, which will extend the maturity date to August 12, 2026, subject to the satisfaction of certain conditions.(C) At our option, we may extend the maturity pursuant to two one-year extension options, subject to certain conditions. (D) At our option, we may extend the maturity pursuant to two six-month extension options, subject to certain conditions. Amounts exclude unamortized debt issuance costs of $8,494 and $713 as of June 30, 2025 and December 31, 2024, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net. Mortgage Loan PayableAs of June 30, 2025, the mortgage loan payable is collateralized by industrial properties with a net carrying value of $29,810. We believe the Operating Partnership and the Company were in compliance with all covenants relating to our mortgage loan as of June 30, 2025.

18

Senior Unsecured Notes, NetOn May 14, 2025, we issued $450,000 of senior unsecured notes due January 15, 2031 (the “2031 Notes”). The 2031 Notes bear interest at a fixed rate of 5.25% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning January 15, 2026. The notes were issued at 99.265% of par, resulting in an original issue discount that will be amortized as an adjustment to