Inland Real Estate Corp., Oak Brook, Ill., has announced the pricing of $170 million in aggregate principal amount of convertible senior notes due 2026 in a private placement.The offering will include an option to the initial purchasers to acquire up to an additional $10 million in principal amount of the notes, the company said. The 4.625% notes will initially be convertible, at the company's option, into shares of Inland's stock at approximately $20.70 per share, which represents a 15% premium on the closing price of Inland's stock on Nov. 7, Inland reported. The company can be found online at http://www.inlandrealestate.com.
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