Hunton Andrews Kurth represented the initial purchasers in connection with a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, of $575 million aggregate principal amount of 4.375% exchangeable senior notes due 2027 and $575 million aggregate principal amount of 4.125% exchangeable senior notes due 2029, by Rexford Industrial Realty, L.P., a subsidiary of Rexford Industrial Realty, Inc.
The firm also represented the underwriter in connection with a concurrent public offering of $840 million of shares of common stock by Rexford Industrial Reality, Inc. to an existing long-only investor based on the West Coast, which shares were borrowed from third parties by an affiliate of the underwriter, in its capacity as a forward counterparty, and subsequently sold to the underwriter for sale in the offering.
Rexford Industrial Realty, Inc. (NYSE: REXR) is a publicly traded REIT focused exclusively on investing in industrial properties throughout Southern California infill markets.
Hunton Andrews Kurth Advises on $1.15B Exchangeable Senior Notes Offering.
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