Innovative Industrial Properties Prices Private Offering of 5.50% Senior Notes Due 2026
b'Innovative Industrial Properties, Inc. (the \xe2\x80\x9cCompany\xe2\x80\x9d) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the \xe2\x80\x9cOperating Partnership\xe2\x80\x9d), priced a private offering of $300 million aggregate principal amount of 5.50% Senior Notes due 2026 (the \xe2\x80\x9cnotes\xe2\x80\x9d).
- b'Innovative Industrial Properties, Inc. (the \xe2\x80\x9cCompany\xe2\x80\x9d) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the \xe2\x80\x9cOperating Partnership\xe2\x80\x9d), priced a private offering of $300 million aggregate principal amount of 5.50% Senior Notes due 2026 (the \xe2\x80\x9cnotes\xe2\x80\x9d).
- Interest on the notes is payable semiannually on May 15 and November 15 of each year, with the first payment on November 15, 2021.
- The Operating Partnership may redeem some or all of the notes at its option at any time and from time to time at the applicable redemption price.
- All statements other than historical facts, including, without limitation, statements regarding the closing of the offering and the use of proceeds from the offering, are forward-looking statements.