other material
confidence high
sentiment neutral
materiality 0.60
Rexford Industrial updates equity distribution agreements; $1.09B remaining capacity, adds forward sale capability
Rexford Industrial Realty, Inc.
- Amended equity distribution agreements with 12 banks; terminated BTIG agreement and entered new one with BTIG and Nomura.
- Aggregate of $156.75M of common stock sold under prior agreements as of Oct 23, 2023.
- Up to $1.093B in common stock remains available for sale under the amended agreements.
- Filed new S-3 registration statement (No. 333-275138) on Oct 23, 2023.
- New BTIG agreement allows forward sale agreements with Nomura Global Financial Products.