| Issuer / Guarantor | Innovative Industrial Properties Inc |
|---|---|
| Size | USD 350mn |
| Type | Convertible |
| Leads | BTIG |
| Maturity | 15 Jun 2029 (3 years) |
| Coupon | 6% (5.5 - 6%) |
| Premium | 15% (12.5 - 17.5%) |
| Calls | None |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | None |
| Announced | 09 Jun 2026 |