Rexford Industrial Realty, Inc. (REXR): debt financing — Rexford Industrial enters $1.95B credit facility; $1.25B revolver, $700M term loan

Rexford Industrial Realty, Inc.

Revolving facility of $1.25B matures May 30, 2029; two six-month extension options.
Term loan A-1: $300M due May 26, 2027; Term loan A-2: $400M due May 30, 2030.
Accordion feature permits up to $1.05B additional commitments, subject to conditions.
Pricing based on debt rating/leverage; sustainability-linked adjustments of up to +/- 0.04% margin.
Covenants: max total debt 60% of asset value, min EBITDA/fixed charges 1.50x, unsecured ratio 60%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Rexford Industrial Realty, Inc. amended term loan of $700 million with Bank of America, N.A. at Term SOFR plus the applicable margin maturing May 30, 2030.

Instrument: term loan
Principal: $700 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus the applicable margin
Maturity: May 30, 2030
Event: amendment

Exact text from the filing

a senior unsecured term loan facility in an aggregate principal amount of $700 million (the "Term Loan Facility"), comprised of (i) a $300 million term loan tranche (the “Term Loan A-1 Facility") and (ii) a $400 million term loan tranche (the “Term Loan A-2 Facility")

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Rexford Industrial Realty, Inc. amended revolving credit of $1.25 billion with Bank of America, N.A. at Term SOFR plus the applicable margin maturing May 30, 2029.

Instrument: revolving credit
Principal: $1.25 billion
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus the applicable margin
Maturity: May 30, 2029
Event: amendment

Exact text from the filing

and letter of credit issuer. The Credit Agreement provides for a senior unsecured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of $1.25 billion and a senior unsecured term loan facility in an aggregate principal amount of $700 million (the "Term Loan Facility”), comprised of (i) a $300 million term loan tranche (the

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Rexford Industrial Realty, Inc. filing history →

Source: SEC EDGAR

accession 0001571283-25-000029

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