Rexford Industrial enters forward sale of 11.5M shares at $56/share for acquisitions and debt repayment

Rexford Industrial Realty, Inc.

On Nov 15, 2022, forward sellers borrowed and sold 11.5M common shares at $56.00 each to underwriters.
Company will deliver shares upon physical settlement by May 10, 2024, receiving cash proceeds per share.
Proceeds will be contributed to the operating partnership to fund acquisitions, repay credit facility, or development.
No immediate proceeds received; offering includes an underwriter option for an additional 1.725M shares.
Shares offered under an effective shelf registration statement; forward agreements with Goldman, BofA, JPMorgan, Mizuho.

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