debt
confidence high
sentiment positive
materiality 0.55
InvenTrust Properties upsizes unsecured revolver by $150M to $500M, extends maturity to Jan 2029
InvenTrust Properties Corp.
- Revolver commitments increased from $350M to $500M; total facility now $900M with $400M term loan unchanged.
- Maturity extended to January 2029, with one six-month extension option subject to an extension fee.
- Interest at 105 bps plus Adjusted Term SOFR, adjustable based on corporate leverage levels.
- Facility available for general corporate purposes including acquisitions and working capital.
- KeyBanc Capital Markets and Wells Fargo Securities served as joint bookrunners; KeyBank National Association is administrative agent.