First Industrial (FR) to issue $300 million senior unsecured notes.

First Industrial Realty Trust, Inc. (FR) announced today that it has entered into an agreement to issue $300 million of senior unsecured notes in an unregistered private placement.  The offering includes:
      • $100 million 2.74% Series F Senior Notes due 2030.
      • $200 million 2.84% Series G Senior Notes due 2032.
First Industrial said that it expects to close the offering in September 2020.  Proceeds will be used to reduce bank borrowings and finance new investment.