Financial Wire

InvenTrust Properties Places $250 Million Senior Notes

-- InvenTrust Properties (IVT) said late Thursday it has struck a deal to sell $250 million senior unsecured notes to raise funds for general corporate purposes, including debt repayment.

The notes comprise of $50 million of 5.09% Series A senior notes due June 29, 2029, $100 million of 5.32% Series B senior notes due June 29, 2031, and $100 million of 5.60% Series C senior notes due June 29, 2033, the company said.

The notes are expected to have a weighted average tenor of about 5.4 years and a weighted average fixed rate of 5.44%, it added.

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