On May 30, 2025, Rexford Industrial Realty entered into a Fifth Amended and Restated Credit Agreement, significantly enhancing its financial flexibility. The agreement increased the senior unsecured revolving credit facility from $1.0 billion to $1.25 billion.
The amendment also extended the maturity of the unsecured revolving credit facility to May 30, 2029, with two additional six-month extension options. Furthermore, the maturity of the $400 million unsecured term loan was extended to May 30, 2030, and interest rates were lowered by eliminating a 0.10% SOFR adjustment that previously applied to both facilities.
The new credit agreement includes a $700 million senior unsecured term loan facility, comprising a $300 million Term Loan A-1 maturing May 26, 2027, and a $400 million Term Loan A-2 maturing May 30, 2030. An accordion feature allows for an increase in revolving commitments or new term loans up to an aggregate of $1.05 billion, subject to conditions. This move strengthens the company's balance sheet and provides capital for future growth initiatives.
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