Invitation Homes Inc. (NYSE: INVH) announced that its operating partnership, Invitation Homes Operating Partnership LP, has priced a public offering of $500 million in 4.875% Senior Notes due 2035. The Notes, priced at 98.855% of the principal amount, will mature on February 1, 2035, with the offering expected to close on September 26, 2024, subject to customary conditions. The Notes will be guaranteed by the Company and its affiliates.
Proceeds from the offering will be used for general corporate purposes, including debt repayment, working capital, and property acquisitions. Joint book-running managers for the offering include PNC Capital Markets, Deutsche Bank Securities, Mizuho, and others.
The offering is being made under an existing shelf registration statement filed with the SEC. Prospectus documents will be available through the SEC or from the underwriters. This announcement does not constitute an offer to sell or buy the securities in any jurisdiction where such offers are unlawful.
About Invitation Homes
Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.
