LXP extends term loan maturity to January 2027, reallocates lender commitments

LXP Industrial Trust

Term loan maturity extended from January 31, 2025 to January 31, 2027.
PNC Bank, First Horizon Bank, and U.S. Bank exited as term lenders; KeyBank, Wells Fargo, Regions, TD, JPMorgan, BofA, Citizens, Mizuho, and Associated Bank remain.
Total commitments unchanged: $600M revolver and $300M term loan.
Amendment dated November 3, 2023; other terms of credit agreement remain in effect.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LXP Industrial Trust amended First Amendment to the Second Amended and Restated Credit Agreement (effective 2023-11-03).

Action: amendment
Agreement: credit facility
Effective: 2023-11-03

Exact text from the filing

On November 3, 2023, LXP Industrial Trust (the “Trust”) entered into the First Amendment to the Second Amended and Restated Credit Agreement (the “Amendment”), which amended the Second Amended and Restated Credit Agreement dated as of July 5, 2022 (as amended, the “Credit Agreement”).

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LXP Industrial Trust filing history →

Source: SEC EDGAR

accession 0001444838-23-000060

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