secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001193125-22-285768
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000119312522285768/0001193125-22-285768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000119312522285768/d601082d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-285768

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