Invitation Homes Closes $3.5B Senior Unsecured Credit Facility, Including $1.75B Revolving Line Of Credit And $1.75B Term Loan; Proceeds Used To Repay $2.5B Unsecured Term Loan Facility Due January 2026, Enhancing Liquidity And Growth Flexibility
Portfolio Pulse from Benzinga Newsdesk
Invitation Homes has closed a $3.5 billion senior unsecured credit facility, which includes a $1.75 billion revolving line of credit and a $1.75 billion term loan. The proceeds will be used to repay a $2.5 billion unsecured term loan facility due in January 2026, enhancing the company's liquidity and growth flexibility.
September 09, 2024 | 8:32 pm
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Invitation Homes has secured a $3.5 billion credit facility to enhance its liquidity and growth flexibility. This move includes repaying a $2.5 billion term loan due in 2026, which could positively impact the company's financial stability and growth prospects.
The new credit facility allows Invitation Homes to repay existing debt and improve its liquidity position. This financial maneuver enhances the company's flexibility for future growth, which is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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