Invitation Homes unit makes $260 million prepayment on loan agreement

By Tali Rackner

Norfolk, Va., March 10 – Invitation Homes Inc. wholly owned subsidiary 2014-1 IH Borrower LP voluntarily prepaid roughly $260 million of borrowings under its loan agreement dated May 30, 2014, according to a press release.

The prepayment reduced the outstanding principal balance to about $421 million.

The payment was made with proceeds received in connection with the initial public offering of Invitation Homes’ common stock and cash on hand.

Invitation Homes is a Dallas-based property manager.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.