{"schema_version":"secwatch.filing_event.v1","accession":"0000910108-26-000004","form_type":"8-K","ticker":"LXP","cik":"0000910108","company_name":"LXP Industrial Trust","filed_at":"2026-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.008731+00:00","generated_at":"2026-05-16T10:31:52.155792+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LXP closes $600M revolver & $250M term loan with reduced pricing, extends maturities","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0000910108-26-000004","json":"https://secwatch.observer/filing/0000910108-26-000004.json","markdown":"https://secwatch.observer/filing/0000910108-26-000004.md","text":"https://secwatch.observer/filing/0000910108-26-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/910108/000091010826000004/0000910108-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/910108/000091010826000004/lxp-20260113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:31:52.155792+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1371b114470824084cabc223598ac558a0d7670d","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/910108/000091010826000004/0000910108-26-000004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$600.0 million senior unsecured revolving credit facility and $250.0 million unsecured term loan"},{"label":"Counterparty","value":"KeyBank National Association"},{"label":"Rate","value":"base rate plus a margin of 0.00% to 0.40% or daily SOFR or term SOFR plus 0.725%"},{"label":"Maturity","value":"January 31, 2030 for the Revolver and January 31, 2029 for the Term Loan"},{"label":"Event","value":"amendment"}]},{"claim_id":"3c56f47ea922038d3c3b6804ba041611a6469d7d","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/910108/000091010826000004/0000910108-26-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"KeyBank National Association"},{"label":"Value","value":"$600.0 million senior unsecured revolving credit facility, or the Revolver, and (2) unsecured term l"},{"label":"Effective","value":"2026-01-13"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}