LXP Industrial Trust closes $600 million revolver and $250 million term loan
On January 13, 2026, LXP Industrial Trust entered into a third amended and restated credit agreement with KeyBank as agent, replacing its existing revolving and term loan facilities. The company says the new terms extend debt maturities and reduce borrowing costs, with the Revolver margin cut from 95 basis points to 77.5 basis points and the term loan margin cut from 110 basis points to 85 basis points.
Key points
- Revolver: $600 million senior unsecured, matures January 31, 2030, with SOFR plus 77.5 basis points, down from 95 basis points under the previous facility
- Term loan: $250 million unsecured, matures January 31, 2029, with SOFR plus 85 basis points, down from 110 basis points under the previous facility
- Facility fee falls to 15 basis points from 20 basis points; lenders can increase total debt capacity to $1.8 billion with approval
- The Trust has no Revolver borrowings outstanding; term loan proceeds will refinance the existing term loan
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 14, 2026.
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