debt
confidence high
sentiment neutral
materiality 0.40
Invitation Homes subsidiary issues $500M of 4.875% Senior Notes due 2035
Invitation Homes Inc.
- Issued $500M aggregate principal of 4.875% Senior Notes due Feb 1, 2035.
- Notes are senior unsecured obligations of Invitation Homes Operating Partnership LP, guaranteed by parent and certain subsidiaries.
- Interest payable semi-annually on Feb 1 and Aug 1, starting Feb 1, 2025.
- Notes priced at 98.205% of par; underwriters led by PNC Capital Markets, Deutsche Bank, Mizuho, and Wells Fargo.
- Issuer may redeem notes at make-whole premium before Nov 1, 2034, then at par plus accrued interest.