CHICAGO, March 4, 2013 /PRNewswire/ -- First
Industrial Realty Trust, Inc. (NYSE: FR) ("First Industrial" or the
"Company") announced today that it has commenced an underwritten
public offering of 8,400,000 shares of its common stock.
(Logo: http://photos.prnewswire.com/prnh/20040106/FRLOGO)
The Company intends to use the proceeds for general corporate
purposes, which may include repayments or repurchases of debt,
preferred stock redemptions, and acquisition and/or development of
properties. Completion of the offering is subject to
customary closing conditions.
BofA Merrill Lynch and UBS Investment Bank are acting as the
book-running managers for the common stock offering and propose to
offer the shares at prevailing market prices or otherwise from time
to time through the NYSE, the over-the-counter market, negotiated
transactions or otherwise.
The shares of common stock are being offered under the Company's
shelf registration statement, including a prospectus filed by First
Industrial with the Securities and Exchange Commission on
March 1, 2012. The offering
will be made only by means of a prospectus supplement and
accompanying base prospectus. Copies of the prospectus
supplement, when available, and the accompanying prospectus
relating to these securities may be obtained without charge from
BofA Merrill Lynch, 222 Broadway, New
York, NY 10038 Attn: Prospectus Department, or by email at
dg.prospectus_requests@baml.com, or from UBS Securities LLC, by
mail at Attention: Prospectus Department, 299 Park Avenue,
New York, New York 10171, or by
telephone at 1-888-827-7275. A copy of the
prospectus supplement and accompanying base prospectus may also be
obtained without charge by visiting the SEC website at
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading
owner and operator of industrial real estate and provider of supply
chain solutions to multinational corporations and regional
customers. Across major markets in North America, our local market experts
manage, lease, buy, (re)develop, and sell bulk and regional
distribution centers, light industrial, and other industrial
facility types. We have a track record of industry leading
customer service, and in total, we own, manage and have under
development approximately 67.5 million square feet of industrial
space as of December 31, 2012.
For more information, please visit us at www.firstindustrial.com.
We post or otherwise make available on this website from time to
time information that may be of interest to investors.
Forward-Looking Information
This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, and Section 21E of the Securities Exchange Act of 1934. We
intend for such forward-looking statements to be covered by the
safe harbor provisions for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995 and are
including this statement for purposes of complying with those safe
harbor provisions. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies and
expectations of the Company, are generally identifiable by use of
the words "believe," "expect," "intend," "anticipate," "estimate,"
"project," "seek," "target," "potential," "focus," "may," "should"
or similar expressions. Our ability to predict results or the
actual effect of future plans or strategies is inherently
uncertain. Factors which could have a materially adverse effect on
our operations and future prospects include, but are not limited
to: changes in national, international, regional and local economic
conditions generally and real estate markets specifically; changes
in legislation/regulation (including changes to laws governing the
taxation of real estate investment trusts) and actions of
regulatory authorities (including the Internal Revenue Service);
our ability to qualify and maintain our status as a real estate
investment trust; the availability and attractiveness of financing
(including both public and private capital) to us and to our
potential counterparties; the availability and attractiveness of
terms of additional debt repurchases; interest rates; our credit
agency ratings; our ability to comply with applicable financial
covenants; competition; changes in supply and demand for industrial
properties (including land, the supply and demand for which is
inherently more volatile than other types of industrial property)
in the Company's current and proposed market areas; difficulties in
consummating acquisitions and dispositions; risks related to our
investments in properties through joint ventures; environmental
liabilities; slippages in development or lease-up schedules; tenant
creditworthiness; higher-than-expected costs; changes in asset
valuations and related impairment charges; changes in general
accounting principles, policies and guidelines applicable to real
estate investment trusts; international business risks; and those
additional factors described under the heading "Risk Factors" and
elsewhere in the Company's annual report on Form 10-K for the year
ended December 31, 2012 and in the
Company's subsequent '34 Act reports. We caution you not to place
undue reliance on forward-looking statements, which reflect our
outlook only and speak only as of the date of this press release or
the dates indicated in the statements. We assume no obligation to
update or supplement forward-looking statements. For further
information on these and other factors that could impact the
Company and the statements contained herein, reference should be
made to the Company's filings with the Securities and Exchange
Commission.
SOURCE First Industrial Realty Trust, Inc.