debt
confidence high
sentiment neutral
materiality 0.55
FIRST INDUSTRIAL LP: debt financing — First Industrial L.P. issues $450M 5.250% Senior Notes due 2031
FIRST INDUSTRIAL LP
- Issued $450M aggregate principal of 5.250% Senior Notes due Jan 15, 2031.
- Notes sold at 99.265% of par; interest payable Jan 15 and Jul 15 starting Jan 15, 2026.
- Notes are senior unsecured obligations of First Industrial, L.P., fully guaranteed by First Industrial Realty Trust, Inc.
- Redemption prior to Dec 15, 2030 at Treasury rate plus 20 bps; thereafter at par.
- Underwriters include J.P. Morgan, PNC Capital Markets, Wells Fargo, RBC Capital Markets.