debt
confidence high
sentiment neutral
materiality 0.45
Invitation Homes amends term loan, shortens maturity to 2028, lowers margin
Invitation Homes Inc.
- Maturity date for $725M term loans shortened to April 28, 2028 from June 22, 2029, with two 12-month extension options.
- Term SOFR loan margin set at 0.85% (down from previous range up to 1.60%); base rate margin at 0.00%.
- Three lenders (First Financial Bank, Raymond James Bank, Land Bank of Taiwan) departed; repaid in full.
- Credit facility remains $725M fully drawn; accordion option up to $950M.