InvenTrust Extends $400M in Loans
The real estate firm restructured both term and revolving credit facilities to enhance flexibility and reduce borrowing costs.
August 28, 2025
InvenTrust Restructures Credit Agreements to Optimize Capital Structure
InvenTrust Properties Corp. has taken steps to sharpen its financial toolkit by locking in longer maturities and updating the pricing structure on $400 million in loans. The company announced a pair of amendments on August 25 that reshape both its term loan and revolving credit agreements—moves designed to give InvenTrust more flexibility and improve cost efficiency.
The company’s $400 million term loan facility has been restructured into two equal parts. Tranche A-1, at $200 million, now matures in August 2030. Tranche A-2, also $200 million, is set to mature in February 2031. These changes give InvenTrust a longer runway to manage debt and align payment schedules with long-term objectives.
On the interest side, the updated terms offer more choice and more control. Each tranche can now be tied to:
- Term SOFR
- Daily simple SOFR
- Adjusted base rate
Margins range from 115 to 160 basis points for SOFR loans and 15 to 60 basis points for base rate loans, depending on the company’s leverage. No credit spread adjustment is included, which helps InvenTrust control borrowing costs across different market environments.
Alongside the term loan update, the company also amended its revolving credit facility. That agreement, which dates back to 2018, was modified to remove the credit spread adjustment tied to SOFR. This puts the revolving loan in closer alignment with the new term loan terms, making the capital stack more consistent across instruments.
Wells Fargo continues to serve as administrative agent on the term loan, while KeyBank fills that role for the revolving credit line. Both banks, along with their respective lender groups, were parties to the amended agreements.
By extending maturities and recalibrating pricing, InvenTrust is reinforcing its capital structure while keeping borrowing terms responsive to changing market dynamics. The updates create a foundation for financial stability as the company looks ahead to future growth.
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