---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-064772"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T10:12:51.721753+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ILPT closes $1.16B fixed-rate loan at 6.399%, repaying $1.235B floating-rate debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-064772
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000110465925064772/0001104659-25-064772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000110465925064772/tm2518972d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-064772
- JSON: https://secwatch.observer/filing/0001104659-25-064772.json
- Plain text: https://secwatch.observer/filing/0001104659-25-064772.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000110465925064772/0001104659-25-064772-index.htm

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