debt
confidence high
sentiment neutral
materiality 0.60
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%.
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