secwatch.observer — SEC 8-K summary
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Issuer:     Invitation Homes Inc. (INVH)
CIK:        0001687229
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001193125-24-216645
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Invitation Homes enters $3.5B new credit facility; repays $2.5B term loan due 2026
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- New $1.75B revolver and $1.75B term loan, both maturing September 9, 2028, with two six-month extension options.
- Revolver upsized from $1B (undrawn) to $1.75B; existing $2.5B term loan due Jan 2026 fully repaid.
- Proceeds from term loan, $750M revolver draw, and excess cash used to pay off prior term loan.
- Interest margins: revolver SOFR+0.85% (current), term loan SOFR+0.95%; subject to rating grid.
- New credit agreement includes incremental facility option up to $4B total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687229/000119312524216645/0001193125-24-216645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687229/000119312524216645/d841111d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-216645

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