Company: FR
Filing Date: 2025-03-19
Form Type: 8-K
Source: 0000921825-25-000023
Chunk: 2

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-03-19
Form: 8-K
Item: Item 1.01
Chunk 2
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 customary for an agreement of its type. As set forth in the Amended and Restated Revolving Credit Agreement, certain events of default could result in an acceleration of the Operating Partnership’s obligations under the Amended and Restated Revolving Credit Agreement.

Each of the Company and the Operating Partnership has had or may have with one or more of the lenders party to the Amended and Restated Revolving Credit Agreement customary banking relationships through which a variety of financial services are, were or will be provided, including investment banking, underwriting, lending, commercial banking, treasury management, trustee and other advisory services, and for which such lenders will receive or have received customary fees and expenses.

The description herein of the Amended and Restated Revolving Credit Agreement is qualified in its entirety, and the terms therein are incorporated herein, by reference to the Amended and Restated Revolving Credit Agreement filed as Exhibit 10.1 hereto.

Amended and Restated Unsecured Term Loan Agreement

On March 18, 2025, the Company and the Operating Partnership amended and restated in its entirety their Amended and Restated Unsecured Term Loan Agreement, dated as of July 7, 2021, by entering into that certain Second Amended and Restated Unsecured Term Loan Agreement, among the Operating Partnership, as borrower, the Company, as guarantor, Wells Fargo, as administrative agent, PNC Bank, National Association, as syndication agent, Fifth Third Bank, National Association, Regions Bank and Bank of America, N. A., as co-documentation agents, and the lenders thereunder (as amended and restated, the “ Amended and Restated Term Loan Agreement”).

The Amended and Restated Term Loan Agreement, among other things, (i) continues to provide for a $200.0 million unsecured term loan and allows the Operating Partnership to request incremental term loans in an aggregate incremental amount equal to $260.0 million, subject to the willingness of existing or new lenders to fund such increase and other customary conditions, (ii) extends the maturity date of the term loan facility from July 7, 2026 to March 17, 2028 with the option to extend the maturity date twice by an additional one year per extension exercisable at the Operating Partnership’s election, subject to the satisfaction of certain conditions (including, for each extension, payment of an extension fee equal to 0.125% of the principal amount outstanding at such time), and (iii) gives the Operating Partnership the ability