secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001571283-25-000029
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rexford Industrial enters $1.95B credit facility; $1.25B revolver, $700M term loan
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128325000029/0001571283-25-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128325000029/rexr-20250530.htm
  HTML page:      https://secwatch.observer/filing/0001571283-25-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer