IVT · InvenTrust Properties Corp.

InvenTrust Properties Corp. signed a definitive Note Purchase Agreement on April 16, 2026, for a $250 million private placement of senior unsecured notes across three series, providing fixed-rate financing with a weighted average rate of 5.44% and tenor of approximately 5.4 years. The notes, comprising $50 million Series A at 5.09% maturing June 29, 2029; $100 million Series B at 5.32% maturing June 29, 2031; and $100 million Series C at 5.60% maturing June 29, 2033, are scheduled for issuance on June 29, 2026, subject to customary conditions. Interest accrues semiannually on June 29 and December 29, with prepayment flexibility at 100% of principal plus accrued interest and a Make-Whole Amount, in minimum increments of 5% per series. The agreement imposes financial maintenance covenants including various leverage and coverage ratios, plus a minimum unencumbered pool requirement, and a most favored lender clause that automatically adopts more restrictive terms from the company's primary credit facilities. Obligations are guaranteed by subsidiaries that guarantee existing credit facilities, though none are currently expected at issuance. Proceeds will support general corporate purposes, notably repaying indebtedness and funding acquisitions, enhancing liquidity for this retail REIT's Sun Belt-focused strategy. Sold under Section 4(a)(2) exemption, the unregistered notes underscore a cost-effective capital raise amid market conditions.