Invitation Homes Completes Follow-On Offering of Common Stock
10.12.21
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The Firm represented Invitation Homes Inc. (NYSE: INVH) in connection with a primary follow-on offering of 12,500,000 shares of common stock, resulting in gross proceeds of approximately $497 million. Citigroup and Morgan Stanley served as the underwriters 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 and Sam Sergent (Capital Markets – D.C.); Nancy Mehlman, Jasmine Hay and Kris Liu (Tax); and Jennie Getsin (FINRA).