Invitation Homes Operating Partnership, LP
|Deal Type||Debt Capital Markets|
|Client & Transactional Partners||Invitation Homes Operating Partnership, LP||Our Role||Sole Placement Agent|
On May 25, 2021, Invitation Homes Operating Partnership, LP (“Invitation Homes”, “INVH” or the “Company”) closed on a private placement of $300 million principal amount of senior unsecured notes (the “Transaction”) in two tranches:
$150 million senior notes due 2028
$150 million senior notes due 2036
Proceeds will be used for general corporate purposes including voluntary prepayment of the highest-cost classes of various securitizations due to reach final maturity between December 2024 and January 2026. KeyBanc Capital Markets (“KBCM”) served as Sole Placement Agent on the Company’s inaugural transaction in the debt private placement market.