debt
confidence high
sentiment neutral
materiality 0.55
Invitation Homes issues $500M of 4.950% Senior Notes due 2032
Invitation Homes Inc.
- Issued $500M aggregate principal of 4.950% Senior Notes due Feb 1, 2032; purchase price 98.691% of par.
- Notes are senior unsecured obligations of Invitation Homes Operating Partnership LP, guaranteed by Invitation Homes Inc. and certain subsidiaries.
- Interest payable semi-annually on Feb 1 and Aug 1, beginning Feb 1, 2027.
- Issuer may redeem notes at any time before Jan 1, 2032 at make-whole premium (T+15bps) or at par thereafter.
- Indenture includes customary covenants, including a requirement to maintain a minimum percentage of total unencumbered assets.