Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 20

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 20
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 Term Loan Facility

On April 28, 2025, we entered into an amendment to the 2022 Term Loan Facility that (1) amends the initial maturity date from June 22, 2029 to April 28, 2028, 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.

Interest Rate Swap Transactions

During the second quarter of 2025, we entered into two new interest rate swap agreements with a total notional amount of $400.0 million which became active on May 8, 2025 and June 20, 2025. As of June 30, 2025, our active swaps have a weighted average strike rate of 3.08%. 

Other

Our ability to access capital as well as to use cash from operations to continue to meet our liquidity needs, all of which are highly uncertain and cannot be predicted, could be affected by various risks and uncertainties, including, but not limited to, the effects of general economic conditions, including inflation and interest rates, as detailed in Part I. Item 1A. “Risk Factors” of our Annual Report on Form 10-K.

52

Long-Term Debt Strategy

The following table summarizes certain information about our debt obligations as of June 30, 2025 ($ in thousands): 

Debt Instruments(1)Balance (Gross of Retained Certificates and Unamortized Discounts)Balance (Net of Retained Certificates)Weighted Average Interest Rate(2)Weighted Average Years to Maturity(3)Amount Freely Prepayable (Gross)Secured:IH 2017-1(4)$988,013 $932,513 4.23%1.9$— IH 2019-1(5)400,385 400,386 3.59%5.9— Total secured1,388,398 $1,332,899 4.04%3.1— Unsecured:2024 Term Loan Facility(6)$1,750,000 S + 85 bps4.2$1,750,000 2022 Term Loan Facility(6)(7)725,000 S + 85 bps4.8725,000 Revolving Facility(6)540,000