Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 35

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 35
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aries in an outstanding principal amount in excess of $50.0 million at final maturity or upon acceleration after the expiration of any applicable      
 grace period, which Debt (other than Non-Recourse Debt) is, or has become, the primary obligation of the Operating Partnership or the Company and is not discharged, or such default in payment or acceleration                                         
 is not cured or rescinded, within 60 days after written notice to the Operating Partnership from the trustee (or to the Operating Partnership and the trustee from holders of at least twenty five percent (25%) in principal amount of the outstanding 
 notes); or                                                                                                                                                                                                                                              |

| • |     | certain events of bankruptcy, insolvency or reorganization, or court appointment of a receiver, liquidator or        
 trustee of us or the Company or any Significant Subsidiary or all or substantially all of their respective property. |

If an Event of Default under the indenture with respect to the notes occurs and is continuing (other than an Event of Default specified in the last bullet above with respect to us, which shall result in an automatic acceleration), then in every case the trustee or the holders of not less than 25% in principal amount of the outstanding notes may declare the principal amount of all of the notes to be due and payable immediately by written notice thereof to us and the Company (and to the trustee if given by the holders). However, at any time after the declaration of acceleration with respect to the notes has been made, but before a judgment or decree for payment of the money due has been obtained by the trustee, the holders of not less than a majority in principal amount of outstanding notes may waive all defaults or Events of Default and rescind and annul such declaration and its consequences if we or the Company has deposited with the trustee all required payments of the principal of, and premium, if any, and interest on, the Notes, plus the reasonable compensation and reimbursement for the trustee’s fees, expenses (including attorneys’ fees and expenses), disbursements and advances as provided in the indenture, and all Events of Default, other than the non-paymentof accelerated principal of (or specified portion thereof) or interest on the notes have been cured or waived as provided in the indenture. S-25

The indenture also provides that the holders of not less than a majority in principal amount of the outstanding notes may waive any past default with respect to the notes and its consequences, except a default:

| • |     | in the payment of the principal of or interest on the