Invitation Homes (INVH) prices $600 million senior notes due 2032.

Invitation Homes Inc. (INVH) announced today that it has priced a $600 million offering of its 4.150% senior unsecured notes due 2032.  The notes were priced at a discount to yield 4.182%, or +170 basis points to the treasury curve.  The offering is scheduled to close on April 5, 2022.  INVH said that proceeds from the offering will be used to repay secured ABS debt.

Invitation Homes is one of the largest owners of single-family residential properties in the U.S. with an owned and managed portfolio of 84,907 homes in 17 markets. As of December 31, 2021, INVH had a total market capitalization of approximately $35 billion.