Invitation Homes Inc. (INVH) Announces Proposed 14.5M Share Common Offering
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Invitation Homes Announces Offering of 14,500,000 Shares of Common Stock
June 1, 2020 4:02 PM EDTDALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company") announced today that it has commenced an offering of 14,500,000 shares of Invitation Homes common stock. Invitation Homes intends to grant the underwriters a 30-day option to purchase up to an additional 2,175,000 shares of common stock.
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.
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