debt
confidence high
sentiment neutral
materiality 0.40
Invitation Homes amends credit agreement to replace LIBOR with SOFR as benchmark rate
Invitation Homes Inc.
- First Amendment replaces LIBOR with SOFR, including credit spread adjustment, effective April 18, 2023.
- Borrower may elect 1-, 3-, or 6-month SOFR interest periods under the amended credit facility.
- All other material terms of the existing Amended and Restated Revolving Credit and Term Loan Agreement remain unchanged.
- Agreement among Invitation Homes Operating Partnership LP, lenders, and Bank of America as administrative agent.