Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 42

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 42
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 security or otherwise. The trustee is permitted to engage in other transactions with the Operating
Partnership. If, however, it acquires any conflicting interest, it must eliminate that conflict or resign.

No conversion or exchange rights

The notes will not be convertible into or exchangeable for any equity securities of the Operating Partnership or the Company.

No personal liability of trustees, officers, employees and shareholders

Except as provided in the indenture, no past, present or future trustee, officer, employee, incorporator, shareholder or limited partner of the Operating
Partnership or the Company, as such, will have any liability for any of the Operating Partnership’s obligations or those of the Company under the notes, the indenture, any guarantees or for any claim based on, in respect of, or by reason of,
such obligations or their creation. U.S. Bank Trust Company, National Association will act under the indenture solely as trustee and not individually and recourse against it as trustee for the obligations of the Company under the indenture and the
notes shall be limited solely to the assets held by the trustee (if any) solely in its representative capacity as trustee. Each holder of notes by accepting a note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the notes. The waiver may not be effective to waive liabilities under the federal securities laws.

Book-entry, delivery and form

The notes will be issued in the form of one or more fully registered global securities (“Global Notes”) that will be deposited
with, or on behalf of, The Depositary Trust Company (“DTC”), and registered in the name of DTC’s partnership nominee, Cede&Co. The Global Notes may be transferred, in whole and not in part, only to another nominee of DTC or to a
successor of DTC or its nominee. Beneficial interests in the Global Notes may not be exchanged for definitive notes in registered certificated form (“Certificated Notes”) except in the limited circumstances described below. See
“—Exchange of Global Notes for Certificated Notes.” Except in the limited circumstances described below, owners of beneficial interests in the Global Notes will not be entitled to receive physical delivery of notes in certificated
form. Investors may elect to hold their interest in the Global Securities through either DTC, Clearstream or Euroclear if they are participants in these systems, or indirectly through organizations which are participants in these systems.
Clearstream and Euroclear will hold interests on behalf