Invitation Homes Completes $1.8 Billion Initial Public Offering

DALLAS, Feb. 6, 2017 /PRNewswire/ -- Invitation Homes Inc. (NYSE: INVH) today announced that it has completed its initial public offering of 88,550,000 shares of its common stock at a price to the public of $20.00 per share, including 11,550,000 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of $1,771.0 million.

Invitation Homes intends to use the net proceeds of the offering of $1,670.5 million, after deducting underwriting discounts and estimated offering expenses payable by the Company, together with borrowings under its new term loan facility, to repay existing indebtedness and to pay fees and expenses related to the offering.

Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., Wells Fargo Securities, Credit Suisse, Morgan Stanley and RBC Capital Markets acted as joint book-running managers for the offering.  Blackstone Capital Markets, BTIG, Evercore ISI, FBR, JMP Securities, Keefe, Bruyette & Woods, A Stifel Company, Raymond James, Siebert Cisneros Shank & Co., L.L.C. and Zelman Partners LLC acted as co-managers. The offering was made only by means of a prospectus. A copy of the final prospectus relating to the offering can be obtained from: Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or  by phone at (800) 503-4611; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at (866) 803-9204. The final prospectus may also be accessed through the website of the U.S. Securities and Exchange Commission ("SEC") at www.sec.gov.

A registration statement relating to the securities has been declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Invitation Homes:

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes in desirable neighborhoods across America. With nearly 50,000 homes for lease in 13 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.  The company's mission, "Together with you, we make a house a home," reflects its commitment to high-touch service that continuously enhances residents' living experiences and provides homes where individuals and families can thrive.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described in the section entitled "Risk Factors" in our registration statement on Form S-11, as amended from time to time, filed with the SEC at www.sec.gov.  We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Investor Relations Contact:
Greg Van Winkle
Phone: 844.456.INVH (4684)
Email: [email protected]

Media Relations Contact:
Claire B. Parker
Phone: 202.257.2329
Email: [email protected]

SOURCE Invitation Homes

Related Links

http://www.invitationhomes.com