Innovative Industrial Properties Announces Completion of Registered Exchange Offer for Its 5.50% Senior Notes Due 2026
20 10월 2021 - 5:06AM
Business Wire
Innovative Industrial Properties, Inc. (“IIP”) (NYSE: IIPR)
today announced that its operating partnership, IIP Operating
Partnership, LP, has completed its exchange offer for its
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. 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 bear different CUSIP and
ISIN numbers than the original notes.
A total of $300,000,000 aggregate principal amount of the
original notes, representing 100% of the outstanding principal
amount of the original notes, was validly tendered and received
prior to the expiration of the exchange offer at 5:00 p.m. eastern
time on Wednesday, October 13, 2021.
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 was made only by
means of a written prospectus dated September 13, 2021.
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 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/20211019005889/en/
IIP Contact: Catherine Hastings Chief Financial Officer
Innovative Industrial Properties, Inc. (858) 997-3332
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