Invitation Homes Prices Public Offering Of $500M Of 4.875% Senior Notes Due 2035
Portfolio Pulse from Benzinga Newsdesk
Invitation Homes has announced a public offering of $500 million in senior notes with a 4.875% interest rate, maturing in 2035. The notes are priced at 98.855% of the principal amount and are expected to close on September 26, 2024, subject to customary conditions.
September 23, 2024 | 8:48 pm
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Invitation Homes is issuing $500 million in senior notes at a 4.875% interest rate, maturing in 2035. This move could impact the company's financial structure and credit profile.
The issuance of senior notes is a significant financial event for Invitation Homes, potentially affecting its debt levels and interest obligations. However, as the offering is subject to customary conditions and the closing is expected in 2024, the immediate impact on stock price may be neutral.
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