Company: INRE
Filing Date: 2025-11-17
Form Type: 8-K
Source: 0001193125-25-284472
Chunk: 0

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-11-17
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into Material Definitive Agreements.

On November 13, 2025, Inland Real Estate Income Trust, Inc. (the “ Company”) entered into a third amended and restated credit agreement (the “ Credit Agreement”) in respect of the Company’s credit facility (the “ Credit Facility”) with KeyBank National Association, individually and as administrative agent (“ KeyBank”), KeyBanc Capital Markets Inc., as joint lead arranger, and other lenders from time to time party to the Credit Agreement (collectively, the “ Lenders”).

The Credit Facility consists of a revolving credit facility (the “ Revolving Credit Facility”) providing revolving credit commitments in an aggregate amount of $285 million and a term loan facility (the term loans funded under such commitments, the “ Term Loan”) providing term loan commitments in an aggregate amount of $575 million. The Revolving Credit Facility includes a sublimit of $25 million for swingline loans and a sublimit of $25 million for letters of credit. The Credit Agreement provides the Company with the ability from time to time to increase the size of the Credit Facility up to a total of $1.2 billion, subject to certain conditions. The proceeds of the Credit Facility may be used by the Company for general corporate purposes of the Company and its subsidiaries, including, without limitation, repayment of indebtedness, property acquisitions and permitted investments, capital expenditures, development, redevelopment, capital reserves and working capital. The Company’s performance of its obligations under the Credit Agreement, including the payment of any outstanding indebtedness under the Credit Facility, is guaranteed by certain subsidiaries of the Company (the “ Guarantors”), including each of the subsidiaries of the Company that owns or leases any of the properties included in the pool of unencumbered properties comprising the borrowing base. Additional properties may be added and removed from the pool so long as at any time there are at least 15 unencumbered properties with an unencumbered pool value of $300 million or more.

Each of the Revolving Credit Facility and the Term Loan matures on April 1, 2029. The Company has the option to extend the maturity date of both the Revolving Credit Facility and the Term Loan for a period of one additional year subject to the payment of an extension fee and certain other conditions.

Borrowings under the Credit Facility bear interest equal to (i) Term SOFR (as defined below) plus a margin ranging from 130 basis points to 210 basis points, in the case