Company: FR
Filing Date: 2025-05-14
Form Type: 8-K
Source: 0001193125-25-119870
Chunk: 1

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-14
Form: 8-K
Item: Item 1.01
Chunk 1
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 other secured indebtedness (to the extent of the collateral securing the same) and to all existing and future indebtedness and other liabilities, whether secured or unsecured, of the Issuer’s subsidiaries and of any entity the Issuer accounts for using the equity method of accounting and to all existing and future preferred equity not owned by the Issuer, if any, in its subsidiaries and in any entity the Issuer accounts for using the equity method of accounting. The Notes bear interest at 5.250% per annum. Interest is payable on January 15 and July 15 of each year, beginning on January 15, 2026, until the maturity date of January 15, 2031.

Prior to December 15, 2030 (the “

Par Call Date

”), the Issuer may redeem the Notes, at its option, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of:

  the sum of the present values of the remaining scheduled payments of principal and interest on the Notes discounted to the redemption date (assuming the notes matured on the Par Call Date) on a...  
  a 360-day year                                                                                                                                                                                        
  consisting of                                                                                                                                                                                         
  twelve 30-day months)                                                                                                                                                                                 
  at the Treasury Rate (as defined in the First Supplemental Indenture) plus 20 basis points,                                                                                                           
  less                                                                                                                                                                                                  
  (b) interest accrued to the date of redemption, and                                                                                                                                                   
  a 360-day year                                                                                                                                                                                        
  twelve 30-day months)                                                                                                                                                                                 
  less                                                                                                                                                                                                  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  100% of the principal amount of the Notes to be redeemed  

plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption date.

On or after the Par Call Date, the Issuer may redeem the Notes, at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest on the Notes to be redeemed to, but excluding, the redemption date.

Certain events are considered events of default, which may result in the accelerated maturity of the Notes, including:

  default for 30 days in the payment of any installment of interest under the Notes;