• IIP priced an upsized private offering of USD 350 million 6% exchangeable senior notes due 2029, up from USD 250 million.
• Deal set to close June 15, 2026; purchasers hold a 13-day option for an additional USD 52.5 million.
• Notes exchangeable at the issuer’s option; initial exchange price about USD 69.39 per share.
• Up to USD 70 million of proceeds earmarked for privately negotiated share repurchases; balance for working capital, debt repayment, or investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202606100845BIZWIRE_USPR_____20260610_BW616429) on June 10, 2026, and is solely responsible for the information contained therein.