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First Industrial Realty Trust Announces "At-The-Market" Offering

CHICAGO, March 13, 2014 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading owner, operator and developer of industrial real estate, announced today that it has filed a prospectus supplement under which it may from time to time sell up to 13,300,000 shares of its common stock through an "at-the-market" equity offering program, with an aggregate gross sales price of up to $200 million. The shares would be offered through Wells Fargo Securities, BofA Merrill Lynch, Baird, Jefferies, Mitsubishi UFJ Securities, Piper Jaffray, and UBS Investment Bank, each of whom may act as sales agent. This new program replaces the Company's prior "at-the-market" equity offering program that it terminated on March 12, 2014.  

First Industrial Realty Trust logo

Sales, if any, are anticipated to be made primarily in transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange or in privately negotiated transactions. The Company intends to use the proceeds for general corporate purposes, which may include acquisitions and developments of properties and repayments or repurchases of debt. The offering would be made pursuant to a prospectus supplement, dated March 13, 2014, to the Company's base prospectus, dated March 13, 2014, filed as part of its effective shelf registration statement.

You may obtain the prospectus supplement and the related prospectus by visiting EDGAR on the SEC website at www.sec.gov or the sales agents will arrange to send you the prospectus supplement and the related prospectus if you request it by contacting Wells Fargo Securities, 375 Park Avenue, New York, New York, 10152, telephone: (800) 326-5897; BofA Merrill Lynch, 222 Broadway, New York, New York 10038, email: dg.prospectus_requests@baml.com; Baird, 777 E. Wisconsin Avenue, Milwaukee, Wisconsin 53202, telephone: (800) 792-2473, email: syndicate@rwbaird.com; Jefferies, 520 Madison Avenue, New York, New York 10022; Attn: Equity Syndicate Prospectus Department, telephone: (877) 547-6340, email: Prospectus_Department@Jefferies.com; Mitsubishi UFJ Securities, 1633 Broadway, 29th Floor, New York, New York 10019, telephone: (877) 649-6848; Piper Jaffray, 800 Nicollet Mall, J1 2S03, Minneapolis, Minnesota  55402, Attention Equity Capital Markets, telephone: (800) 747-3924, email: prospectus@pjc.com; or UBS Investment Bank, 299 Park Avenue, New York, New York 10171, telephone: (888) 827-7275.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any security of the Company, nor will there be any offer, sale or solicitation of any security in any jurisdiction in which such offer, sale or solicitation would be unlawful.

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