Rexford Industrial Realty enters $1.25 billion revolver and $700 million term loan facility
On May 30, 2025, Rexford Industrial Realty and its operating partnership entered a Fifth Amended and Restated Credit Agreement with Bank of America as administrative agent, replacing the 2022 agreement. The unsecured facilities total $1.95 billion, with an accordion feature allowing up to $1.05 billion more, and carry pricing tied to credit ratings and financial covenants. The filing shows the terms of the company's borrowing capacity but no immediate change in its debt amount beyond these commitments.
Key points
- Revolving credit facility of $1.25 billion, maturing May 30, 2029, with two six-month extension options
- Term loan facility of $700 million: $300 million A-1 tranche maturing May 26, 2027 and $400 million A-2 tranche maturing May 30, 2030
- Accordion feature allows up to $1.05 billion in additional revolving commitments or incremental term loans, subject to conditions
- Facility is senior unsecured and includes covenants such as total indebtedness to total asset value of no more than 60%
The filing
Written by AI on Nov 8, 2026, 7:02 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 June 02, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.