Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 124

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 124
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 During the nine months ended September 30, 2025, we issued $596.9 million of unsecured notes, net of discount, and used the proceeds to repay the then-outstanding balance on our revolving credit facility (resulting in $570.0 million of net payments thereon on a year to date basis). During the nine months ended September 30, 2024, we issued $494.3 million of unsecured notes, net of discount, and entered into a replacement credit facility. The proceeds from this refinancing were used to repay the existing credit facility, fund $54.3 million of financing costs, and increase cash reserves for general corporate purposes. We also made dividend and distribution payments totaling $536.8 million during the nine months ended September 30, 2025 compared to $518.8 million during the nine months ended September 30, 2024, which were funded by cash flows from operations.

Contractual Obligations

Our contractual obligations as of September 30, 2025, consist of the following: 

($ in thousands)Total2025(1)2026-20272028-2029ThereafterSecured Debt(2)(3)$1,540,689 $14,036 $1,076,836 $28,769 $421,048 Unsecured Notes(2)(3)5,598,291 42,203 337,620 1,066,629 4,151,839 Term Loan Facilities(2)(3)(4)(5)2,998,105 31,941 253,442 1,975,889 736,833 Revolving Facility(2)(3)(4)(5)(6)10,500 671 5,323 4,506 — Derivative instruments(2)(7)(65,896)(5,703)(45,252)(14,941)— Purchase commitments(8)285,500 81,079 204,421 — — Operating leases47,783 1,299 10,750 9,595 26,139 Finance leases11,056 1,048 7,715 2,293 — Total$10,426,028 $166,574 $1,850,855 $3,072,740 $5,335,859 

(1)Includes estimated payments for the remaining