debt
confidence high
sentiment neutral
materiality 0.55
Rexford Industrial enters $1.3B credit facilities: $300M term loan and $1B revolver
Rexford Industrial Realty, Inc.
- Fourth Amended and Restated Credit Agreement provides $300M term loan (fully drawn) and $1B revolver.
- Term loan matures May 26, 2027; revolver matures May 26, 2026 with two six-month extension options.
- Proceeds used to repay existing $150M term loan, reduce revolver balance, and for general corporate purposes.
- Pricing tied to debt ratings (BBB-/Baa3 to A-/A3) and leverage ratio; includes sustainability-linked adjustments.
- Incremental term loans up to $1.2B available subject to conditions and lender availability.