Industrial Logistics Properties Trust announced that the syndication of its $750 million unsecured revolving credit facility has closed.

The maturity date of the credit facility is December 29, 2021, with the option to extend the maturity date for two additional six month periods, subject to payment of extension fees and satisfaction of other conditions. Amounts outstanding under ILPT’s credit facility bear interest at a variable annual rate equal to LIBOR plus a premium, which will vary depending on the amount of ILPT’s leverage.\

Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets and Wells Fargo Securities, LLC acted as the Joint Lead Arrangers and Joint Bookrunners for the credit facility. Banks participating in the credit facility are as follows:

• Citibank, N.A. 
• Bank of America, N.A. 
• Royal Bank of Canada  
• Wells Fargo Bank, N.A.   
• BMO Harris Bank N.A. 
• Bank of the West 
• Branch Banking and Trust Company 
• Compass Bank 
• Mizuho Bank, Ltd 
• PNC Bank, N.A. 
• Regions Bank 
• US Bank, N.A. 
• Bank of Hawaii 
• Barclays Bank PLC 
• First Hawaiian Bank 
• Morgan Stanley Bank, N.A.     
• UBS AG, Stamford Branch     
• American Savings Bank, F.S.B. 
• Berkshire Bank 
• Land Bank of Taiwan Los Angeles Branch 
• First Commercial Bank, Ltd., New York Branch 
• CTBC Bank Co., Ltd., New York Branch 

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.