Innovative Industrial Properties Announces Commencement of Registered Exchange Offer for Its 5.50% Senior Notes Due 2026
14 9월 2021 - 8:00PM
Business Wire
Innovative Industrial Properties, Inc. (“IIP”) (NYSE: IIPR)
today announced that its operating partnership, IIP Operating
Partnership, LP, has commenced an exchange offer for its
outstanding unregistered 5.50% Senior Notes due 2026. These notes
were originally issued on May 25, 2021 in a private placement
pursuant to Rule 144A and Regulation S under the Securities Act of
1933, as amended, in an aggregate principal amount of $300,000,000.
Holders of these notes may exchange them for an equal principal
amount of a new issue of 5.50% Senior Notes due 2026 pursuant to an
effective registration statement on Form S-4 filed with the
Securities and Exchange Commission. The terms of the new series of
notes are substantially identical in all material respects to those
of the original notes, except for transfer restrictions and
registration rights relating to the original notes. In addition,
the new notes will bear different CUSIP and ISIN numbers than the
original notes.
The exchange offer will expire at 5:00 p.m. eastern time on
Wednesday, October 13, 2021, unless extended. Tenders of the
original notes must be made before the exchange offer expires and
may be withdrawn at any time before the exchange offer expires.
The registered exchange offer is being made pursuant to the
terms and subject to the conditions set forth in a prospectus filed
with the Securities and Exchange Commission and dated September 13,
2021 (as the same may be amended or supplemented, the
“Prospectus”). The complete terms and conditions of the registered
exchange offer, including instructions regarding procedures for
tendering original notes, are described in the Prospectus.
Documents describing the terms of the exchange offer, including
the Prospectus and transmittal materials for making tenders, can be
obtained from the exchange agent, GLAS Trust Company LLC, 3 Second
Street, Suite 206, Jersey City, NJ 07311, Attn.: Transaction
Management for IIPR, telephone: (201) 839-2200.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of such securities in any state or other jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or other jurisdiction. The exchange offer is being made only
by means of a written prospectus.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised
Maryland corporation focused on the acquisition, ownership and
management of specialized industrial properties leased to
experienced, state-licensed operators for their regulated cannabis
facilities. Innovative Industrial Properties, Inc. has elected to
be taxed as a real estate investment trust, commencing with the
year ended December 31, 2017.
Innovative Industrial Properties
Forward-Looking Statements
This press release contains statements that IIP believes to be
“forward-looking statements” within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
All statements other than historical facts, including, without
limitation, statements regarding the exchange offer, are
forward-looking statements. When used in this press release, words
such as IIP “expects,” “intends,” “plans,” “estimates,”
“anticipates,” “believes” or “should” or the negative thereof or
similar terminology are generally intended to identify
forward-looking statements. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed in, or implied by, such
statements. Investors should not place undue reliance upon
forward-looking statements. IIP disclaims any obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210914005132/en/
IIP Contact: Catherine Hastings Chief Financial Officer
Innovative Industrial Properties, Inc. (858) 997-3332
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