Industrial Logistics Properties Trust (ILPT): debt financing — ILPT closes $1.16B fixed-rate loan at 6.399%, repaying $1.235B floating-rate debt

Industrial Logistics Properties Trust

New $1.16B mortgage loan secured by 101 properties, maturing July 2030.
Weighted average fixed interest rate of 6.399% per annum.
Proceeds used to repay $1.235B floating-rate loan in full; that loan agreement terminated.
Loan contains customary covenants and acceleration upon default; limited recourse guarantee provided.
Lenders include Citi, BofA, Morgan Stanley, BMO, RBC, and UBS.

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

Industrial Logistics Properties Trust incurred mortgage of $1.16 billion with Citi Real Estate Funding Inc., Bank of America, N.A., Morgan Stanley Mortgage Capital Holdings LLC, Bank of Montreal, Royal Bank of Canada and UBS AG New York Branch at 6.399% per annum maturing July 2030.

Instrument: mortgage
Principal: $1.16 billion
Counterparty: Citi Real Estate Funding Inc., Bank of America, N.A., Morgan Stanley Mortgage Capital Holdings LLC, Bank of Montreal, Royal Bank of Canada and UBS AG New York Branch
Rate: 6.399% per annum
Maturity: July 2030
Event: incurrence

Exact text from the filing

On June 26, 2025, certain of our subsidiaries entered into a mortgage loan agreement with Citi Real Estate Funding Inc., Bank of America, N.A., Morgan Stanley Mortgage Capital Holdings LLC, Bank of Montreal, Royal Bank of Canada and UBS AG New York Branch, or collectively, the lenders, pursuant to which we obtained, in aggregate, a $1.16 billion loan secured by 101 of our properties, or the Loan.

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Source: SEC EDGAR

accession 0001104659-25-064772

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