InvenTrust Properties Corp. Recasts and Upsizes Its Unsecured Revolving Credit Facility by $150 Million to $500 Million
Interest on borrowings under the Revolver currently accrues at a spread of 105 basis points plus Adjusted Term SOFR and fluctuates in accordance with changes in InvenTrust’s corporate leverage levels, as defined in the Credit Agreement.
KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC served as Joint Book Managers and Joint Lead Arrangers for the Revolver and KeyBanc National Association is serving as the Administrative Agent. JPMorgan Chase Bank, N.A., BofA Securities, Inc., and PNC Capital Markets LLC served as Joint Passive Bookrunners. Wells Fargo Bank, National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A. and PNC Bank, National Association acted as Co-Syndication Agents. Additional support was provided by Fifth Third Bank, National Association,
About InvenTrust Properties Corp.
InvenTrust Properties Corp. is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. Management pursues the Company's business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance practices and standards.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. When used in this press release, the words “expected” and “intend,” or the negative of these words, or similar words, expressions or phrases that are predictions of or indicate future events and that do not relate solely to historical matters, are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise. InvenTrust does not guarantee that the transactions and events described will happen as described (or that they will happen at all). You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. While forward-looking statements reflect InvenTrust’s good-faith beliefs, they are not guarantees of future performance. InvenTrust undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur as described, or at all.
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Investor Relations
Dan Lombardo
Vice President of Investor Relations
630-570-0605
dan.lombardo@inventrustproperties.com
Source: InvenTrust Properties Corp.