Cahill Represents First Industrial in $175 Million Offering

September 25, 2006

The firm represented First Industrial, L.P. in its Rule 144A/Regulation S offering of $175,000,000 aggregate principal amount of its 4.625% Exchangeable Senior Notes due 2011.  The notes are guaranteed by, and under certain circumstances exchangeable for the common stock of, First Industrial Realty Trust, Inc. (NYSE:FR). 

First Industrial also entered into derivative transactions in connection with the offering of the notes, the purpose of which was to increase the stated exchange premium of the notes.