Invitation Homes operating $400m long 5y, +120A

Invitation Homes Inc. (NYSE: INVH) has been operating with a $400 million long-term debt balance over the past five years, with a total of 120,000 shares outstanding as of the latest available data. The company, a leading single-family home leasing and management firm, has faced regulatory scrutiny and financial restructuring in recent months. In September 2024, the Federal Trade Commission (FTC) alleged deceptive practices by Invitation Homes, including misleading advertising and improper handling of security deposits, resulting in a $48 million refund to residents and operational changes.

To address its debt obligations and improve financial flexibility, Invitation Homes secured a $3.5 billion unsecured credit facility in September 2024, which replaced its previous $2.5 billion unsecured term loan and $1.0 billion revolving credit facility. The new facility includes a $1.75 billion revolving line of credit and a $1.75 billion term loan, both with maturities extending through September 2029. The refinancing is expected to reduce cost of debt and enhance liquidity.

The company’s financial strategy reflects its ongoing efforts to manage capital structure while navigating regulatory and operational challenges in the single-family rental market.