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Latham & Watkins Advises Rexford Industrial in Expanded Revolving Credit Facility and Term Loan Repricing

July 2, 2021
Los Angeles team advised the real estate investment trust in the transaction.

Rexford Industrial Realty, Inc. (the Company) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, announced that it has exercised the accordion option of the Company's existing unsecured revolving credit facility by US$200 million from US$500 million to US$700 million and successfully repriced its US$150 million unsecured term loan facility.

Latham & Watkins LLP represented Rexford in the transaction with a corporate team led by Los Angeles partner Pablo Clarke with associate Steven Mach; advice was also provided on tax matters by Los Angeles partner Eric Cho.