Company: INVH
Filing Date: 2025-08-15
Form Type: 8-K
Source: 0001193125-25-181906
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Company: Invitation Homes Inc.
Filing Date: 2025-08-15
Form: 8-K
Item: Item 2.03
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Item 2.03      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

On August 15, 2025, Invitation Homes Operating Partnership LP (the “ Issuer”), a Delaware limited partnership and the principal operating subsidiary of Invitation Homes Inc., a Maryland corporation (the “ Company”), closed an underwritten public offering of $600 million aggregate principal amount of its 4.950% Senior Notes due 2033 (the “ Notes”).

The Notes are fully and unconditionally guaranteed (the “ Guarantees”), jointly and severally, by the Company, Invitation Homes OP GP LLC, a Delaware limited liability company, the sole general partner of the Issuer and a wholly-owned subsidiary of the Company (the “ General Partner”), and IH Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“ IH Merger Sub” and, together with the Company and the General Partner, the “ Guarantors”). The terms of the Notes are governed by an indenture, dated as of August 6, 2021 (the “ Base Indenture”), by and among the Issuer, the Guarantors and U. S. Bank Trust Company, National Association (as successor to U. S. Bank National Association), as trustee (the “ Trustee”), as supplemented by an eighth supplemental indenture, dated as of August 15, 2025 (the “ Eighth Supplemental Indenture” and, together with the Base Indenture, the “ Indenture”), by and among the Issuer, the Guarantors and the Trustee. The Indenture contains various restrictive covenants, including requirements to maintain a certain percentage of total unencumbered assets by the Company. Copies of the Base Indenture and the Eighth Supplemental Indenture, including the form of Notes and the Guarantees, the terms of which are incorporated herein by reference, are attached as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form8-K.

Under certain circumstances, the Indenture will require certain of the Company’s subsidiaries (other than the Issuer, the General Partner and IH Merger Sub) to guarantee the Notes in the future if, and for so long as, such subsidiary, directly or indirectly, guarantees or otherwise becomes obligated in respect of the Issuer’s revolving credit facility.

The purchase price paid by the underwriters for the