LXP closes $600M revolver & $250M term loan with reduced pricing, extends maturities

LXP Industrial Trust

$600M unsecured revolver matures Jan 31, 2030; $250M term loan matures Jan 31, 2029; both with extension options.
Revolver pricing: SOFR+77.5bps (down from +95bps); term loan: SOFR+85bps (down from +110bps).
Facility fee reduced to 15bps of total commitments from 20bps under prior facility.
CFO cites reduced leverage ~5x net debt/Adjusted EBITDA; S&P revised outlook to positive.
Proceeds used to refinance existing term loan; no borrowings outstanding on revolver initially.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LXP Industrial Trust amended credit facility of $600.0 million senior unsecured revolving credit facility and $250.0 million unsecured term loan with KeyBank National Association at base rate plus a margin of 0.00% to 0.40% or daily SOFR or term SOFR plus 0.725% maturing January 31, 2030 for the Revolver and January 31, 2029 for the Term Loan.

Instrument: credit facility
Principal: $600.0 million senior unsecured revolving credit facility and $250.0 million unsecured term loan
Counterparty: KeyBank National Association
Rate: base rate plus a margin of 0.00% to 0.40% or daily SOFR or term SOFR plus 0.725%
Maturity: January 31, 2030 for the Revolver and January 31, 2029 for the Term Loan
Event: amendment

Exact text from the filing

existing credit agreement, which we refer to as the Third Amended and Restated Credit Agreement, among the Trust, as borrower, each of the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein, and KeyBank National Association, or KeyBank, as agent. The Third Amended and Restated Credit Agreement amends and restates the Second Amended and Restated Credit Agreement, dated as of July 5, 2022, as the same was amended from time to time, which we refer to as the Existing Credit Agreement, among the Trust, as borrower, KeyBank, as agent, and each of the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LXP Industrial Trust amended Third Amended and Restated Credit Agreement with KeyBank National Association valued at $600.0 million senior unsecured revolving credit facility, or the Revolver, and (2) unsecured term l (effective 2026-01-13).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association
Value: $600.0 million senior unsecured revolving credit facility, or the Revolver, and (2) unsecured term l
Effective: 2026-01-13

Exact text from the filing

On January 13, 2026, LXP Industrial Trust, or the Trust, amended and restated its existing credit agreement, which we refer to as the Third Amended and Restated Credit Agreement, among the Trust, as borrower, each of the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein, and KeyBank National Association, or KeyBank, as agent.

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306 debt financings filed in the last 30 days. Browse all debt financings →

LXP Industrial Trust filing history →

Source: SEC EDGAR

accession 0000910108-26-000004

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