---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-057953"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:08:44.134099+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ILPT Mountain JV closes $1.62B loan at 5.71% fixed, repays $1.6B existing debt

## Summary
- Mountain JV subsidiaries obtained a $1.62 billion mortgage loan from Wells Fargo, Citi, Morgan Stanley, Bank of America, BMO, UBS.
- Loan is secured by 90 properties, bears 5.71% fixed rate, and matures in May 2031.
- Net proceeds used to fully repay $1.4B floating rate loan and $0.2B amortizing fixed rate debt; floating loan terminated without penalty.
- ILPT provided a limited recourse guaranty for certain obligations of Mountain JV subsidiaries under the loan.
- Loan agreement contains customary covenants and acceleration upon default.

## SEC filing metadata
- accession: 0001104659-26-057953
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/tm2613865d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-057953
- JSON: https://secwatch.observer/filing/0001104659-26-057953.json
- Plain text: https://secwatch.observer/filing/0001104659-26-057953.txt

## Source-grounded claims
- claim_id: 40a4c8ac3bc2bb60131c071568bf174740265791
  claim: Industrial Logistics Properties Trust incurred credit facility of $1.62 billion loan with Wells Fargo Bank, National Association, Citi Real Estate Funding Inc., Morgan Stanley Bank, N.A., Bank of America, N.A., Bank of Montreal and UBS AG New York Branch at weighted average fixed rate of 5.71% per annum maturing May 2031.
  evidence_excerpt: Stanley Bank, N.A., Bank of America, N.A., Bank of Montreal and UBS AG New York Branch, or collectively, the lenders, pursuant to which Mountain JV obtained, in aggregate, a $1.62 billion loan secured by 90 of its properties, or the Loan . Also on May 8, 2026, we entered into a guaranty in favor of the lenders, pursuant to which we guaranteed certain limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm
- claim_id: 6e9c6886f1c1f88ececf3aa71a24fd8ae6632421
  claim: Industrial Logistics Properties Trust terminated a credit facility with Citi Real Estate Funding Inc., UBS AG New York Branch, Bank of America, N.A., Bank of Montreal and Morgan Stanley Bank, N.A. valued at $1.4 billion (effective 2026-05-08).
  evidence_excerpt: and then terminated the agreement governing the floating rate mortgage loan in accordance with its terms and without penalty.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm
- claim_id: c821005290573efdfc59c57ea190f632be0291a8
  claim: Industrial Logistics Properties Trust entered into a credit facility with Wells Fargo Bank, National Association, Citi Real Estate Funding Inc., Morgan Stanley Bank, N.A., Bank of America, N.A., Bank of Montreal and UBS AG New York Branch valued at $1.62 billion (effective 2026-05-08).
  evidence_excerpt: On May 8, 2026, certain subsidiaries of our consolidated joint venture, Mountain Industrial REIT LLC, or Mountain JV, entered into a mortgage loan agreement with Wells Fargo Bank, National Association, Citi Real Estate Funding Inc., Morgan Stanley Bank, N.A., Bank of America, N.A., Bank of Montreal and UBS AG New York Branch, or collectively, the lenders, pursuant to which Mountain JV obtained, in aggregate, a $1.62 billion loan secured by 90 of its properties, or the Loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm

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