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home / news releases / IVT - InvenTrust Properties announces private placement of $250M senior notes

IVT - InvenTrust Properties announces private placement of $250M senior notes

InvenTrust Properties Corp.
InvenTrust Properties (NYSE:IVT) on Friday announced a private placement of $250M senior unsecured notes. The notes in the offering comprise of $150M of 5.07% series A senior notes due Aug. 11, 2029 and $100M of 5.2% series B senior notes due Aug. 11, 2032. The notes combined are expected to have a weighted average tenor of ~8.2 years and a weighted average fixed interest rate of 5.12%. IVT expects to issue the notes on Aug. 11. Net proceeds will be used for general corporate purposes, including repayment of indebtedness and future acquisitions.

For further details see:

InvenTrust Properties announces private placement of $250M senior notes
Stock Information
Company Name: InvenTrust Properties Corp.
Stock Symbol: IVT
Market: NYSE
Website: inventrustproperties.com
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