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First Industrial Realty Trust, Inc. a leading fully integrated owner, operator, and developer of industrial real estate, today announced that it entered into a note and guaranty agreement to issue $300 million<\/span> of fixed rate senior unsecured notes in a private placement offering with a weighted average interest rate of 2.81%.<\/p>\n The notes are comprised of two tranches: $100 million<\/span> of 2.74% Series F Guaranteed Senior Notes with a 10-year term and $200 million<\/span> of 2.84% Series G Guaranteed Senior Notes with a 12-year term. First Industrial anticipates closing the offering on or about September 17, 2020<\/span>. The proceeds will be used for general corporate purposes including repayment of borrowings on our unsecured line of credit and new investment.<\/p>\n “This $300 million<\/span> private placement will further lower our borrowing costs and extend and ladder our maturities,” said Scott Musil<\/span>, chief financial officer. “We thank our investors for their support.”<\/p>\n The notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the U.S. absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.<\/p>\n About First Industrial Realty Trust, Inc.<\/strong><\/p>\n First Industrial Realty Trust, Inc. is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States<\/span>, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of March 31, 2020<\/span>. For more information, please visit us at www.firstindustrial.com.<\/p>\n Tags:<\/b> http:\/\/www.firstindustrial.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"See Campaign: <\/strong>http:\/\/http:\/\/www.firstindustrial.com<\/a>
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First Industrial Realty Trust, Inc. a leading fully integrated owner, operator, and developer of industrial real estate, today announced that it entered into a note and guaranty agreement to issue $300 million of fixed rate senior unsecured notes in a private placement offering with a weighted average interest rate of 2.81%. The notes are comprised of two tranches: $100 … Continue reading First Industrial Realty Trust To Issue $300 Million Of Unsecured Notes In A Private Placement Offering<\/span><\/a> Continue Reading