First Industrial (FR) sets $150 million forward bond offering.
First Industrial Realty Trust (FR) announced today that it has agreed to issue $150 million 3.97% Series E Senior Notes due 2029. The delayed draw private placement is expected to close by July 23, 2019 to coincide with the timing of secured debt maturities and new investments. Including the latest offering, FR now has five series of private placement bonds due 2027 - 2030 with an aggregate maturity value of $650 million.
First Industrial Realty Trust, Inc. (FR) is a national owner and developer of industrial buildings with a current portfolio of 458 properties and 66 million square feet of GLA. The company went public in 1994 and has a current enterprise value of approximately $6 billion.