Invitation Homes to sell fixed-rate senior notes via five bookrunners

By Devika Patel

Knoxville, Tenn., Aug. 3 – Invitation Homes Operating Partnership LP is expected to price an offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call initially and then a par call.

J.P. Morgan Securities LLC, BofA Securities Inc., Wells Fargo Securities LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the bookrunners.

The notes are guaranteed by Invitation Homes Inc., Invitation Homes OP GP LLC and IH Merger Sub, LLC.

Proceeds will be used to repay secured debt.

The issuer is a subsidiary of Invitation Homes, Inc., a Dallas-based property manager.

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