Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 39

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,364 $995,184 Unsecured Term Loans, Gross2021 Unsecured Term Loan— 200,000 N/AN/AN/A2025 Unsecured Term Loan (A)(B)200,000 — 1.82%N/A3/17/20282022 Unsecured Term Loan (A)425,000 425,000 3.63%N/A10/18/20272022 Unsecured Term Loan II (A)(C)300,000 300,000 4.87%N/A8/12/2025Subtotal$925,000 $925,000 Unamortized Debt Issuance Costs(3,367)(2,524)Unsecured Term Loans, Net $921,633 $922,476 Unsecured Credit Facility (D)$454,000 $282,000 5.09%N/A3/16/2029_______________(A) The interest rate at March 31, 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. (C) At our option, we may extend the maturity pursuant to two one-year extension options, subject to certain conditions. During the three months ended March 31, 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.(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 $9,057 and $713 as of March 31, 2025 and December 31, 2024, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net. Mortgage Loan PayableAs of March 31, 2025, the mortgage loan payable is collateralized by industrial properties with a net carrying value of $30,022. We believe the Operating Partnership and the Company were in compliance with all covenants relating to our mortgage loan as of March 31, 2025.

18

Unsecured Term LoansOn March 18, 2025, we amended and restated our existing $200,000 unsecured term loan (as