Innovative Industrial Properties, Inc. (IIPR), through its operating partnership, entered into an amendment to its existing Loan Agreement to extend the maturity date of its secured revolving credit facility. The company paid an undisclosed extension fee to the lenders, while other material terms of the facility remain unchanged.
Key Details
- Agreement Date: October 21, 2026.
- Maturity Date Extension: The maturity date of the credit facility was extended from October 23, 2026, to January 21, 2027.
- Outstanding Balance: As of October 21, 2026, an aggregate principal amount of $62.5 million was outstanding under the loan agreement.
- Unchanged Terms: The amendment does not modify the aggregate commitments, interest rate, borrowing base, or covenants of the credit facility.