Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 256

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 9B
Chunk 256
---
 loan with a one month interest period plus 1.00%, and (4) 1.00%.Prior to the April 18, 2023 amendment to the 2020 Credit Facility, borrowings thereunder bore interest, at our option, at a rate equal to a margin over either (a) a LIBOR rate determined by reference to the Bloomberg LIBOR rate (or a comparable or successor rate as provided for in our loan agreement) for the interest period relevant to such borrowing or (b) a base rate determined by reference to the highest of (1) the administrative agent’s prime lending rate, (2) the federal funds effective rate plus 0.50%, and (3) the LIBOR rate that would be payable on such day for a LIBOR rate loan with a one month interest period plus 1.00%.

F-27

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

Borrowings under the 2022 Term Loan Facility bear interest, at our option, at a rate equal to a margin over either (a) Term SOFR adjusted for an applicable credit spread adjustment (“Adjusted SOFR”) for the interest period relevant to such borrowing or (b) a base rate determined by reference to the highest of (1) the administrative agent’s prime lending rate, (2) the federal funds effective rate plus 0.50%, and (3) Adjusted SOFR for a one month interest period plus 1.00%.The margins for the Term Loan Facilities, the Revolving Facility, and the 2020 Revolving Facility are as follows:Base Rate LoansAdjusted SOFR Rate Loans2024 Term Loan Facility0.00%—0.60%0.75%—1.60%2020 Term Loan Facility0.00%—0.65%0.80%—1.65%2022 Term Loan Facility0.15%—1.20%1.15%—2.20%Revolving Facility0.00%—0.40%0.70%—1.40%2020 Revolving Facility0.00%—0.45%0.75%—1.45%The 2022 Term Loan Facility includes a sustainability component whereby pricing can improve upon our achievement of certain sustainability ratings, determined via an independent third-party evaluation.In addition to paying interest on outstanding principal, we are required to pay