Financing ·
Extends secured revolving credit facility maturity to January 21, 2027 on $62.5M outstanding balance
IIPBPInnovative Industrial Properties Inc
Innovative Industrial Properties' operating partnership entered into the Sixth Amendment to its Loan Agreement with East West Bank and other lenders. The amendment extends the maturity date of the secured revolving credit facility from October 23, 2026, to January 21, 2027. In connection with this extension, the borrower paid an extension fee to the lenders. No changes were made to aggregate commitments, interest rates, borrowing base, or covenants. As of October 21, 2026, $62.5 million in aggregate principal amount was outstanding under the facility. Innovative Industrial Properties is a real estate investment trust that provides financing solutions for the cannabis industry.