Rexford Industrial to price offering of fixed-rate senior notes

By William Gullotti

Buffalo, N.Y., March 28 – Rexford Industrial Realty LP plans to price fixed-rate senior notes guaranteed by Rexford Industrial Realty, Inc., according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call until some months prior to maturity, followed by a par call.

J.P. Morgan Securities LLC, PNC Capital Markets LLC and Wells Fargo Securities, LLC are the joint bookrunning managers.

U.S. Bank Trust Co., NA is the trustee.

Latham & Watkins LLP is advising the issuer. Hunton Andrews Kurth LLP is counsel to the underwriters.

Venable LLP will pass upon certain matters under Maryland law.

Proceeds will be used to fund future acquisitions, to fund development activities and for general corporate purposes, which may include the repayment of outstanding debt.

Rexford is a Los Angeles-based real estate investment company focused on owning, operating and acquiring industrial properties in Southern California infill markets.

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