Inviting Homes Inc. revealed the pricing of $500 million 4.875% Senior Notes due 2035, showcasing its financial prowess and stability in the market.
Pricing Details
Invitation Homes Operating Partnership LP is offering $500 million aggregate principal amount of 4.875% Senior Notes due 2035, priced at 98.855% of the principal amount. The maturity date is set for February 1, 2035, with the offering expected to close on September 26, 2024.
Utilization of Proceeds
The Operating Partnership plans to use the net proceeds for various corporate purposes, including repayment of debts, working capital, property acquisitions, renovations, and other strategic activities aligned with the Company's vision.
Financial Managers
PNC Capital Markets LLC, Deutsche Bank Securities, and other reputable firms are jointly managing the offering, ensuring smooth execution and maximum value for investors.
Registration and Disclosure
The offering is in compliance with an effective shelf registration statement filed with the SEC, highlighting the Company's commitment to transparency and regulatory adherence.
Invitation Homes is a renowned S&P 500 company specializing in single-family home leasing and management, catering to evolving consumer needs with top-tier properties and exceptional services. The Company's forward-thinking vision and robust financial performance position it as a leading player in the real estate sector.
This announcement underscores Invitation Homes' dedication to growth and innovation, setting a strong foundation for future success in the competitive market landscape.