On December 21, 2018, InvenTrust Properties Corp. entered into an amended and restated unsecured term loan agreement with a syndicate of lenders, Wells Fargo Bank, National Association, as Administrative Agent, and certain other financial institutions party thereto. The Term Loan Agreement, which amends and restates the Company's prior term loan agreement in its entirety, provides for $400 million of delayed draw term loans, consisting of up to $250 million of 5-year tranche A-1 term loans (of which $226 million was drawn at closing) and up to $150 million of 5.5-year tranche A-2 term loans (of which $126 million was drawn at closing). The Term Loan Agreement provides that the term loans will bear interest, at the Company's option, at the rate of either (i) the London interbank offered rate (LIBOR") plus an applicable margin ranging from 1.20% to 1.70% depending on the Company's leverage ratio or (ii) a base rate plus an applicable margin ranging from 0.20% to 0.70% depending on the Company's leverage ratio. An unused fee is charged on the unused portion of the term loans at a rate ranging from 0.15% to 0.25% depending on the Company's leverage ratio. Certain subsidiaries of the Company entered into a guaranty (the Term Loan Guaranty") pursuant to which such subsidiaries have absolutely, irrevocably and unconditionally guaranteed to Wells Fargo Bank, National Association, as Administrative Agent, for the benefit of the lenders party to the Term Loan Agreement, the payment and performance of the obligations of the Company under the Term Loan Agreement as and when due and payable. In addition, on December 21, 2018, the Company entered into an amended and restated unsecured revolving facility agreement with a syndicate of lenders, KeyBank National Association, as Administrative Agent, and certain other financial institutions party thereto. The Revolving Facility Agreement amends and restates the Company's prior revolving facility agreement in its entirety and provides for $350 million of aggregate revolving commitments with a four year maturity. The Revolving Facility Agreement provides that the loans will bear interest, at the Company's option, at the rate of either (i) LIBOR plus an applicable margin ranging from 1.05% to 1.50% depending on the Company's leverage ratio or (ii) a base rate plus an applicable margin ranging from 0.05% to 0.50% depending on the Company's leverage ratio. In addition, a facility fee accrues on the aggregate commitments at a rate ranging from 0.15% to 0.30% depending on the Company's leverage ratio. There are currently no borrowings outstanding under the Revolving Facility Agreement.