Invitation Homes’ $500M Senior Notes Offering

AMOUNT
$500,000,000
ROLE

Financial Advisor

CLIENT

Invitation Homes (NYSE: INVH)

SECTOR

Single-family rental

The Opportunity

Invitation Homes, the nation's premier owner and operator of single-family rental homes, sought to strengthen its balance sheet and enhance financial flexibility through a $500 million senior notes offering. The company intended to use the proceeds for general corporate purposes, including the potential repayment of existing indebtedness, while maintaining the capital needed to support its long-term growth strategy.

Zelman's Role

Building on its longstanding relationship with Invitation Homes, including its role as exclusive advisor to RESICAP on the sale of ResiBuilt to Invitation Homes earlier this year, Zelman, a Walker & Dunlop company, was selected to serve as Co-Manager on the senior notes offering. Leveraging its deep expertise in the homebuilding and single-family rental sectors, Zelman supported the execution of the transaction and helped position the offering with institutional investors.

The Outcome

The $500 million offering of 4.950% Senior Notes due 2032 was successfully completed, providing Invitation Homes with efficient access to long-term capital and additional financial flexibility.

The transaction further strengthened Zelman's relationship with Invitation Homes while demonstrating Zelman's continued leadership in advising the housing industry's most prominent companies across both strategic advisory and capital markets engagements.

The experts who closed the deal

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