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Invitation Homes Inc. has priced a public offering of $600 million aggregate principal amount of 4.950% Senior Notes due 2033. The operating partnership will use the net proceeds for general corporate purposes, including repaying a portion of its outstanding indebtedness under its revolving credit facility. The offering is expected to close on August 15, 2025. The Notes will be fully guaranteed by Invitation Homes, Invitation Homes OP GP LLC, and IH Merger Sub, LLC.

Invitation Homes Inc. (NYSE: INVH), a leading single-family home leasing and management company, has priced a public offering of $600 million in aggregate principal amount of 4.950% Senior Notes due 2033. The Notes, priced at 99.477% of their principal amount, are set to mature on January 15, 2033 [1].

The operating partnership, Invitation Homes Operating Partnership LP, will use the net proceeds from the offering for general corporate purposes, which may include the repayment of a portion of its outstanding indebtedness under its revolving credit facility. The offering is expected to close on August 15, 2025, subject to customary closing conditions [1].

The Senior Notes are fully and unconditionally guaranteed, jointly and severally, by Invitation Homes, Invitation Homes OP GP LLC, and IH Merger Sub, LLC. The underwriters for the offering include BofA Securities, BMO Capital Markets, J.P. Morgan, Capital One Securities, Deutsche Bank Securities, M&T Securities, Mizuho, Morgan Stanley, PNC Capital Markets LLC, RBC Capital Markets, Wells Fargo Securities, KeyBanc Capital Markets, Regions Securities LLC, US Bancorp, BNP PARIBAS, BNY Capital Markets, Goldman Sachs & Co. LLC, Huntington Capital Markets, Truist Securities, Citigroup, R. Seelaus & Co., LLC, and Scotiabank [1].

This announcement comes as Invitation Homes continues to navigate the evolving single-family rental industry. The company's forward-looking statements highlight various risks, including macroeconomic factors, competition, and the impact of fluctuating economic conditions [1].

References:
[1] https://www.stocktitan.net/news/INVH/invitation-homes-announces-pricing-of-600-million-of-4-950-senior-1mv6bsmfkaw1.html