secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080556
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/0001193125-24-080556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000119312524080556/d815475d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080556

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