secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INDUSTRIAL LP (—)
CIK:        0001033128
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0000921825-26-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Industrial closes $425M and $375M term loan refinancings; maturities extended, spreads reduced
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- Amended $425M Wells Fargo term loan; new maturity Jan 22, 2030 with one-year extension option.
- Amended and upsized $300M U.S. Bank term loan to $375M; new maturity Jan 22, 2029 with two one-year extension options.
- Both loans bear interest at SOFR + 85 bps; previously had an extra 10 bps SOFR adjustment that was eliminated.
- Interest-only payments during term; principal due at maturity; incremental borrowing capacity of $150M (Wells) and $100M (U.S. Bank).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1033128/000092182526000003/0000921825-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921825/000092182526000003/fr-20260122.htm
  HTML page:      https://secwatch.observer/filing/0000921825-26-000003

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