Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 74

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 74
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RateJune 30,2025December 31, 20242024 Term Loan Facility(1)(2)September 9, 20285.27%$1,750,000 $1,750,000 2022 Term Loan Facility(3)April 28, 20285.17%725,000 725,000 Total Term Loan Facilities2,475,000 2,475,000 Less: deferred financing costs, net(27,445)(28,959)Term Loan Facilities, net$2,447,555 $2,446,041 Revolving Facility(1)(2)(4)September 9, 20285.20%$540,000 $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 June 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 4.32%.(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 June 30, 2025, the applicable margin was 0.85% and Term SOFR was 4.32%.

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

(4)As of June 30, 2025, $1,210,000 of our Revolving Facility is undrawn, and there are no restrictions on our ability to draw funds thereunder provided we remain in compliance with all covenants.Interest Rate and FeesBorrowings under the Credit Facility bear interest, at our option, at a rate equal to a margin over either (a) Term SOFR for the interest period relevant to such borrowing, (b) a daily SOFR rate calculated without considering accrued interest, or (c) a base rate determined by reference to the highest