Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 11

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 11
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 not be sufficient assets remaining to pay amounts due on any or all the notes or the guarantee of the notes, as the case may be, then
outstanding. In the event of the bankruptcy, liquidation, reorganization or other winding up of any of subsidiaries of the Operating Partnership or the Company, the rights of holders of indebtedness and other obligations of the Operating Partnership
(including the notes) or the Company (including its guarantee of the notes), as the case may be, will be effectively subordinated to the prior claims of that subsidiary’s creditors and of the holders of any indebtedness or other obligations of
or guaranteed by that subsidiary, except to the extent that the Operating Partnership or the Company, as the case may be, is itself a creditor with recognized claims against that subsidiary, in which case those claims would still be effectively
subordinated to all indebtedness, guarantees and other obligations secured by mortgages or other liens on the assets of that subsidiary (to the extent of the value of those assets) and would be subordinate to all indebtedness, guarantees and other
obligations of that subsidiary senior to that held by the Operating Partnership or the Company, as the case may be. Moreover, in the event of the bankruptcy, liquidation, reorganization or other winding up of any subsidiary of the Operating
Partnership or the Company, the rights of holders of indebtedness and other obligations of the Operating Partnership (including the notes) or the Company (including its guarantee of the notes), as the case may be, will be effectively subordinated to
any preferred equity interests in that subsidiary held by persons other than the Operating Partnership or the Company, as the case may be. In addition, in the event of the bankruptcy, liquidation, reorganization or other winding up of any entity
that the Operating Partnership or the Company accounts for using the equity method of accounting, the rights of holders of indebtedness and other obligations of the Operating Partnership (including the notes) or the Company (including its guarantee
of the notes), as the case may be, will be subject to the prior claims of that entity’s creditors and the holders of any indebtedness or other obligations of or guaranteed by that entity, except to the extent that the Operating Partnership or
the Company, as the case may be, is itself a creditor with recognized claims against that entity, in which case those claims would still be effectively subordinated to all indebtedness, guarantees and other obligations secured by mortgages or other
liens on the assets of that entity (