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OFFON

INVENTRUST PROPERTIES CORP.

(IVT)
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InvenTrust Properties Corp. Closes on $750 Million Amended Unsecured Credit Facility

09/22/2021 | 05:34pm EDT

InvenTrust Properties Corp. announced that it has closed on a $750 million amended unsecured credit facility, consisting of a $400 million amended term loan and a $350 million amended revolver. The Facility is available for general corporate purposes including acquisitions and other working capital uses. In recognition of InvenTrust’s performance coming out of the pandemic and the essential retail assets in the Company’s portfolio, the capitalization rate used to calculate certain financial covenants under the Facility improved by 25 basis points to 6.5%. The amended revolving credit facility also allows for an additional 1 basis point margin reduction if certain environmental, social, and governance targets are achieved. The company disclosed $350 Million Unsecured Revolving Line of Credit Based on the company’s leverage, the pricing is LIBOR plus 105 basis points. Extended the maturity date to September 2025 (with the additional option of two, 6-month extension options) from December 2022. $200 Million Unsecured Term Loan; Based on the Company’s leverage, the pricing is LIBOR plus 120 basis points and Extended the maturity date to September 2026 from December 2023. $200 Million Unsecured Term Loan; Based on the Company’s leverage, the pricing is LIBOR plus 120 basis points and Extended the maturity date to March 2027 from June 2024.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2020 195 M - -
Net income 2020 -10,2 M - -
Net Debt 2020 348 M - -
P/E ratio 2020 -77,8x
Yield 2020 6,90%
Capitalization 1 764 M 1 764 M -
EV / Sales 2019 6,32x
EV / Sales 2020 5,85x
Nbr of Employees 124
Free-Float 99,7%
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Managers and Directors
Daniel Joseph Busch President, CEO & Non-Independent Director
Mike Phillips Chief Financial Officer, Treasurer & Executive VP
Paula J. Saban Chairman
Christy L. David COO, Secretary, Executive VP & General Counsel
Thomas F. Glavin Independent Director
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