IIPR issues $402.5M exchangeable notes, repays $282M maturing debt, raises $55.7M via ATM

Filed June 10, 2026 · Period ending June 9, 2026 · ~1 min read

Key Changes

• high

  Issued $402.5M in 6.0% exchangeable senior notes due 2029, convertible to common stock at $69.39/share. Proceeds will fund $80.5M share buyback, debt repayment, and working capital.

  Item 8.01 verify on EDGAR →
• medium

  Successfully repaid $282M of 5.50% senior notes that matured May 25, 2026 using cash, credit facility, and secured term loan proceeds. No defaults or covenant issues.

  Item 8.01 verify on EDGAR →
• medium

  Raised $55.7M through at-the-market sales from April-June 2026: 680,842 common shares ($34.8M) and 948,034 Series A preferred shares ($20.9M), modestly diluting existing holders.

  Item 8.01 verify on EDGAR →