---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080556"
form_type: "8-K"
ticker: "REXR"
cik: "0001571283"
company_name: "Rexford Industrial Realty, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:09:15.742997+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Rexford Industrial prices $1.15B exchangeable senior notes and forward equity sale

## Summary
- Issued $575M of 4.375% exchangeable senior notes due 2027 and $575M of 4.125% notes due 2029, including full over-allotment exercise.
- Initial exchange rate 15.7146 shares per $1,000 principal for both series (exchange price ~$63.64/share).
- Entered forward sale agreement for up to 17.2M common shares at $48.95/share, settlement by March 27, 2025.
- Proceeds to fund acquisitions, development/repositioning activities, and general corporate purposes.

## SEC filing metadata
- accession: 0001193125-24-080556
- form_type: 8-K
- ticker: REXR
- cik: 0001571283
- company_name: Rexford Industrial Realty, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/0001193125-24-080556-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/d815475d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080556
- JSON: https://secwatch.observer/filing/0001193125-24-080556.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080556.txt

## Key facts
- Debt Financings
  Rexford Industrial Realty, Inc. incurred convertible notes of $575,000,000 aggregate principal amount of its 4.375% Exchangeable Senior Notes due 2027 with U.S. Bank Trust Company, National Association at 4.375% per annum maturing March 15, 2027.
  - Instrument: convertible notes
  - Principal: $575,000,000 aggregate principal amount of its 4.375% Exchangeable Senior Notes due 2027
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 4.375% per annum
  - Maturity: March 15, 2027
  - Event: incurrence
  source text: On March 28, 2024, Rexford Industrial Realty, L.P. (the “Operating Partnership”), the operating partnership of Rexford Industrial Realty, Inc. (the “Company”), issued $575,000,000 aggregate principal amount of its 4.375% Exchangeable Senior Notes due 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/0001193125-24-080556-index.htm
- Debt Financings
  Rexford Industrial Realty, Inc. incurred convertible notes of $575,000,000 aggregate principal amount of its 4.125% Exchangeable Senior Notes due 2029 with U.S. Bank Trust Company, National Association at 4.125% per annum maturing March 15, 2029.
  - Instrument: convertible notes
  - Principal: $575,000,000 aggregate principal amount of its 4.125% Exchangeable Senior Notes due 2029
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 4.125% per annum
  - Maturity: March 15, 2029
  - Event: incurrence
  source text: and $575,000,000 aggregate principal amount of its 4.125% Exchangeable Senior Notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/0001193125-24-080556-index.htm
- Material Agreements
  Rexford Industrial Realty, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $575,000,000 aggregate principal amount of its 4.375% Exchangeable Senior Notes due 2027 and $575,00 (effective 2024-03-28).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $575,000,000 aggregate principal amount of its 4.375% Exchangeable Senior Notes due 2027 and $575,00
  - Effective: 2024-03-28
  source text: On March 28, 2024, Rexford Industrial Realty, L.P. (the “Operating Partnership”), the operating partnership of Rexford Industrial Realty, Inc. (the “Company”), issued $575,000,000 aggregate principal amount of its 4.375% Exchangeable Senior Notes due 2027 (the “2027 Notes”) and $575,000,000 aggregate principal amount of its 4.125% Exchangeable Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/0001193125-24-080556-index.htm

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