---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-102836"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2022-09-26T23:59:59+00:00"
generated_at: "2026-06-23T07:29:56.818040+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-102836
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2022-09-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000110465922102836/0001104659-22-102836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000110465922102836/tm2226481d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-102836
- JSON: https://secwatch.observer/filing/0001104659-22-102836.json
- Plain text: https://secwatch.observer/filing/0001104659-22-102836.txt

## Key facts
- Executive change
  Richard W. Siedel, Jr. resigned as Chief Financial Officer and Treasurer at Industrial Logistics Properties Trust.
  - Action: resigned
  - Role: Chief Financial Officer and Treasurer
  source text: Mr. Siedel has resigned as our Chief Financial Officer and Treasurer, effective September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000110465922102836/0001104659-22-102836-index.htm
- Executive change
  Brian E. Donley was appointed as Chief Financial Officer and Treasurer at Industrial Logistics Properties Trust.
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: On September 21, 2022, our Board of Trustees appointed Brian E. Donley as our Chief Financial Officer and Treasurer, effective October 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000110465922102836/0001104659-22-102836-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.