InvenTrust Properties Corp. announced the recast of $400 million unsecured term loans, enhancing financial flexibility and aligning with the strategic capital plan.
The term loans extension strengthens the maturity profile, with a weighted average maturity of 5.1 years.
The improved pricing and extended maturities demonstrate the strength and resilience of InvenTrust's grocery-anchored Sun Belt portfolio.
Strengthened Financial Flexibility
The recast of term loans strengthens the company's financial flexibility and capital structure.
Extended Maturities
The extension of loan maturities improves the weighted average maturity to 5.1 years.
Improved Pricing
The transaction resulted in improved pricing aligning with InvenTrust's strategic capital plan.
- The extended maturities and improved pricing provide certainty around InvenTrust's capital structure.
- The all-in weighted average fixed rates at 4.50% and 4.58% further enhance the financial stability of the company.
InvenTrust's recast of $400 million unsecured term loans is a strategic move that bolsters the company's financial position and aligns with its long-term goals.