Invitation Homes Prices $500 Million of 4.950% Senior Notes Due 2032

Corporate Action
โดย Business Wire·Read original
Summary · why it matters

Invitation Homes announced that its operating partnership has priced a public offering of $500 million aggregate principal amount of 4.950% Senior Notes due 2032. The notes were priced at 99.291% of the principal amount and will mature on February 1, 2032, with the offering expected to close on July 8, 2026, subject to customary conditions. The notes will be fully and unconditionally guaranteed by Invitation Homes Inc., Invitation Homes OP GP LLC, and IH Merger Sub, LLC. Net proceeds will be used for general corporate purposes, which may include repaying indebtedness. Wells Fargo Securities, KeyBanc Capital Markets, Mizuho, US Bancorp, BofA Securities, Capital One Securities, Deutsche Bank Securities, J.P. Morgan Securities LLC, PNC Capital Markets LLC, and Truist Securities are acting as joint book-running managers.

Impact on stocks 8

Real Estate · 1 stocks
Invitation Homes Inc
INVH
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Pricing $500M of 4.950% senior notes increases debt and interest expense, though proceeds may repay existing debt.

Off-coverage companies 1

J.P. Morgan Securities LLCPrivate± Mixed
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