Invitation Homes Operating Partnership LP (INVH) 2021-2

USD600.0007Nov-28Sr. UnsecuredBaa3BBB-BBBFixedTsyT+110 aT+90 a872.30%299.87100
USD400.00012Jan-34Sr. UnsecuredBaa3BBB-BBBFixedTsyT+135 aT+1151152.70%299.80900
Tranche Comments
7 yr: Book size: 2200; First Pay: 2022-05-15; Redemption: 2028-09-15; Registration: Registered; Comments: US$600m 2.30% cpn 7yr(11/15/28) at 99.871, yld 2.32%. Spread: T+87bp. MWC T+15bp. Cusip: 46188BAB8 ; 12 yr: Book size: 1300; First Pay: 2022-07-15; Redemption: 2033-10-15; Registration: Registered; Comments: US$400m 2.70% cpn 12yr(1/15/34) at 99.809 , yld 2.718%. Spread: T+115bp. MWC T+20bp. Cusip: 46188BAC6;
Deal Comments
Active Bookrunners: WFS(B&D), DEU, GSC. Passive bookrunners: BAM, CSG, JPM, MIZ, PNC.
Invitation Homes Inc, Invitation Homes OP GP LLC, IH Merger Sub LLC
Use of Proceeds
Repay loan and for general corporate purposes

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