ILPT secures $1.235B mortgage loan on 104 properties; appoints Brian Donley CFO

Industrial Logistics Properties Trust

Subsidiaries entered $1.235B mortgage & mezzanine loan secured by 104 properties; matures Oct 2024 with three one-year extensions.
Interest rate: SOFR capped at 2.25% annually plus weighted average premium of 3.93% for initial term.
Net proceeds used to repay $1.385B bridge loan facility, which was then terminated without penalty.
Brian E. Donley appointed CFO and Treasurer effective Oct 1, 2022, replacing Richard W. Siedel, Jr.

item 1.01 item 1.02 item 2.03 item 5.02 item 9.01

Executive movements

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Departed

Richard W. Siedel, Jr.

Chief Financial Officer and Treasurer

ILPT · Industrial Logistics Properties Trust

Effective: 2022-09-30
Successor: Brian E. Donley
Filed: September 26, 2022, 7:59 PM ET

Mr. Siedel has resigned as our Chief Financial Officer and Treasurer, effective September 30, 2022.

Appointed

Brian E. Donley

Chief Financial Officer and Treasurer

ILPT · Industrial Logistics Properties Trust

Effective: 2022-10-01
Filed: September 26, 2022, 7:59 PM ET

On September 21, 2022, our Board of Trustees appointed Brian E. Donley as our Chief Financial Officer and Treasurer, effective October 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard W. Siedel, Jr. resigned as Chief Financial Officer and Treasurer at Industrial Logistics Properties Trust.

Action: resigned
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Mr. Siedel has resigned as our Chief Financial Officer and Treasurer, effective September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian E. Donley was appointed as Chief Financial Officer and Treasurer at Industrial Logistics Properties Trust.

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On September 21, 2022, our Board of Trustees appointed Brian E. Donley as our Chief Financial Officer and Treasurer, effective October 1, 2022.

View on SEC.gov

Industrial Logistics Properties Trust filing history →

Source: SEC EDGAR

accession 0001104659-22-102836

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