Company: FR
Filing Date: 2025-05-14
Form Type: 8-K
Source: 0001193125-25-119870
Chunk: 0

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-14
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01   Entry into a Material Definitive Agreement.

The information set forth in Item 2.03 of this Current Report on

Form 8-K

with respect to the Indenture, the Notes and the Guarantee is incorporated by reference into this Item 1.01.

Item 2.03   Creation of a Direct Financial Obligation or an Obligation under

On May 14, 2025, First Industrial, L. P. (the “

Issuer

”), a Delaware limited partnership and subsidiary of First Industrial Realty Trust, Inc. (the “

Guarantor

”), completed an underwritten public offering of $450,000,000 aggregate principal amount of its 5.250% Senior Notes due 2031 (the “

Notes

”).

The Notes are fully and unconditionally guaranteed by the Guarantor (the “

Guarantee

”). The terms of the Notes and the Guarantee are governed by an indenture, dated as of May 14, 2025 (the “

Base Indenture

”), by and among the Issuer, the Guarantor and U. S. Bank Trust Company, National Association, as trustee (the “

Trustee

”), as supplemented by a first supplemental indenture, dated as of May 14, 2025 (the “

First Supplemental Indenture

” and, together with the Base Indenture, the “

Indenture

”), by and among the Issuer, the Guarantor and the Trustee. The Indenture contains various restrictive covenants, including limitations on the ability of the Issuer and its subsidiaries to incur additional indebtedness and requirements to maintain a pool of unencumbered assets. Copies of the Base Indenture and the First Supplemental Indenture, including the form of Notes, the terms of which are incorporated herein by reference, are attached as Exhibits 4.1, 4.2 and 4.3, respectively, to this Current Report on

Form 8-K.

The purchase price paid by the underwriters for the Notes was 99.265% of the principal amount thereof. The Notes are the Issuer’s senior unsecured obligations and rank equally in right of payment with all of the Issuer’s other existing and future senior unsecured indebtedness. However, the Notes are effectively subordinated in right of payment to all of the Issuer’s existing and future mortgage indebtedness and