FX.co ★ InvenTrust Properties Prices Public Offering Of $224 Mln Of Shares

InvenTrust Properties Corp. (IVT) announced on Tuesday that it has priced its public offering of 8 million shares at $28 each, aiming to raise $224 million.

The company plans to allocate the net proceeds for general corporate purposes, debt repayment, and the acquisition of additional properties, among other uses.

Additionally, InvenTrust has granted the underwriters a 30-day option to purchase up to an additional 1.2 million shares.

The offering is scheduled to close on September 25.

J.P. Morgan, BofA Securities, and Wells Fargo Securities are serving as joint book-running managers for the offering.