The Firm represented Invitation Homes Inc. (NYSE: INVH) in connection with a primary follow-on offering of 16,675,000 shares of common stock, including pursuant to the exercise in full of the underwriters’ option to purchase additional shares of common stock, resulting in gross proceeds of approximately $454 million. BofA Securities, Goldman Sachs & Co. LLC and Wells Fargo Securities served as the joint bookrunners for the offering. Invitation Homes intends to use the net proceeds from the offering for general corporate purposes, which may include, without limitation, working capital, repayment of indebtedness, acquisitions and renovations of single-family properties and for related activities in accordance with its business strategy.
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America.
The Simpson Thacher team included Josh Bonnie, Will Golden, Jon Pacheco, Claire DiMario, Jesse Schulman and Samantha Sergent (Capital Markets – D.C.); Nancy Mehlman, Jasmine Hay and Suzy Yaster (Tax); and Jennie Getsin (FINRA).