InvenTrust Properties Corp. Recasts and Upsizes Its Unsecured Revolving Credit Facility by $150 Million to $500 Million
InvenTrust Properties Corp. (IVT)
Company Research
Source: Business Wire
DOWNERS GROVE, III.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust”, “IVT” or the “Company”) (NYSE: IVT) today announced the recast and upsizing of the Company’s Unsecured Revolving credit facility (“Revolver”), increasing capacity from $350 million to $500 million. The maturity date on the Revolver was extended to January 2029 with one 6-month extension option subject to an extension fee. The unsecured credit facility (the “Facility) now totals $900 million with the unchanged $400 million term loan. The Facility is available for general corporate purposes including acquisitions and other working capital uses.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 Revolv
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IVT
News
- InvenTrust Properties Corp. (NYSE: IVT) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $33.00 price target on the stock.MarketBeat
- 4 Small Cap REITs Paying Dividends And Now Hitting New Highs [Forbes]Forbes
- InvenTrust Properties Corp. Reports 2024 Third Quarter ResultsBusiness Wire
- InvenTrust upgraded to Buy at BofA on expected pickup in acquisitions Oct. 03, 2024 11:22 AM ET By: Liz Kiesche , SA News Editor [Seeking Alpha]Seeking Alpha
- InvenTrust Properties Corp. (NYSE: IVT) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $33.00 price target on the stock, up previously from $30.00.MarketBeat
IVT
Earnings
- 10/29/24 - Beat
IVT
Sec Filings
- 11/14/24 - Form 8-K
- 11/13/24 - Form SC
- 11/8/24 - Form SC
- IVT's page on the SEC website