Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 76

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 76
---
 with two one year extension options at our election, provided we are in compliance with the loan agreement and pay a 12.5 bps extension fee and (2) adjusts the margin applicable to borrowings as more fully described below.

25

INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

The following table sets forth a summary of the outstanding principal amounts under the Term Loan Facilities and the Revolving Facility, as of September 30, 2025 and December 31, 2024:MaturityDateInterestRateSeptember 30,2025December 31, 20242024 Term Loan Facility(1)(2)September 9, 20285.08%$1,750,000 $1,750,000 2022 Term Loan Facility(3)(4)April 28, 20284.98%725,000 725,000 Total Term Loan Facilities2,475,000 2,475,000 Less: deferred financing costs, net(25,230)(28,959)Term Loan Facilities, net$2,449,770 $2,446,041 Revolving Facility(1)(2)(5)September 9, 20285.01%$— $570,000 (1)Interest rates for the 2024 Term Loan Facility and the Revolving Facility are based on the weighted average spread over a published forward-looking Secured Overnight Financing Rate (“SOFR”) for the interest period relevant to such borrower (“Term SOFR”) adjusted for a 0.10% credit spread adjustment, plus an applicable margin. As of September 30, 2025, the applicable margins were 0.85% and 0.78% for the 2024 Term Loan Facility and the Revolving Facility, respectively, and Term SOFR was 4.13%.(2)If we exercise the two six month extension options, the maturity date will be September 9, 2029. (3)Interest rate for the 2022 Term Loan Facility is based on Term SOFR plus the applicable margin. As of September 30, 2025, the applicable margin was 0.85% and Term SOFR was 4.13%. (4)If we exercise the two one year extension options, the maturity date will be April 28, 2030.(5)As of September