Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 175

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 10
Chunk 175
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100,000 2.74%2.74%9/17/20302032 Private Placement Notes200,000 200,000 2.84%2.84%9/17/2032Subtotal$998,571 $998,571 Unamortized Debt Issuance Costs(3,347)(4,062)Unamortized Discounts(40)(46)Senior Unsecured Notes, Net$995,184 $994,463 Unsecured Term Loans, Gross2021 Unsecured Term Loan (A)200,000 200,000 1.83%N/A7/7/20262022 Unsecured Term Loan (A)425,000 425,000 3.63%N/A10/18/20272022 Unsecured Term Loan II (A)(B)300,000 300,000 4.87%N/A8/12/2025Subtotal$925,000 $925,000 Unamortized Debt Issuance Costs(2,524)(4,137)Unsecured Term Loans, Net $922,476 $920,863 Unsecured Credit Facility (C)$282,000 $299,000 5.19%N/A7/7/2025(A) The interest rate at December 31, 2024 includes the impact of derivative instruments which effectively convert the variable rate of the debt to a fixed rate. See Note 12.(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, six-month extension options, subject to certain conditions. Amounts exclude unamortized debt issuance costs of $713 and $2,036 as of December 31, 2024 and 2023, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net on the Consolidated Balance Sheets.Mortgage Loan PayableDuring the year ended December 31, 2022, we paid off mortgage loans in the amount of $67,973.  As of December 31, 2024, the mortgage loan payable is collateralized by industrial properties with a net carrying value of $30,232. We believe the Operating Partnership and the Company were in compliance with all covenants relating to our mortgage loan as of December 31, 2024.

76

Senior Unsecured Notes