Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 18

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 18
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 and the indenture governing the notes will contain, restrictions and covenants which may limit our ability to enter into or obtain funding for certain transactions and operate our business. The agreements governing our indebtedness contain and the indenture governing the notes will contain restrictions and covenants that limit or will limit our ability to operate our business. The agreements governing our indebtedness contain covenants and other restrictions that affect, among other things, our ability to:

| • |     | incur indebtedness; |

| • |     | create liens on assets; |

| • |     | sell or substitute assets; |

| • |     | manage our cash flows; and |

| • |     | make distributions to equity holders. |

S-11

The indenture governing the notes will also contain covenants and other restrictions that will affect, among other things, our ability to:

| • |     | consummate a merger, consolidation or sale of all or substantially all of our assets; and |

| • |     | incur secured and unsecured indebtedness. |

In addition, the indenture governing the notes will require us to maintain at all times a specified ratio of unencumbered assets to unsecured debt. These covenants, as well as any additional covenants to which we may be subject in the future because of additional indebtedness, could cause us to forgo investment opportunities or obtain financing that is more expensive than financing we could obtain if we were not subject to such covenants. Despite our current level of indebtedness, we may incur significantly more debt, which could exacerbate any or all of the risks described above, and adversely impact our ability to pay the principal of or interest on the notes. We may be able to incur substantial additional indebtedness in the future. Although the agreements governing the operating partnership’s revolving credit facility and certain other indebtedness limit, and the indenture governing the notes will limit, our ability to incur additional indebtedness, these restrictions are subject to a number of qualifications and exceptions and, under certain circumstances, we may, in compliance with these restrictions, incur additional indebtedness, which could be substantial. To the extent that we incur additional indebtedness, the risks associated with our leverage as described above, including our possible inability to service our debt, would increase. In addition, the agreements governing the operating partnership’s revolving credit facility and certain other indebtedness, and the indenture governing the notes, will not prevent us from incurring obligations that do not constitute indebtedness. The