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American Homes 4 Rent Announces Pricing of Public Offering of $650 Million of 4.950% Senior Notes due 2030
American Homes 4 Rent (NYSE: AMH) (the "Company") today announced that its operating partnership, American Homes 4 Rent, L.P. (the "Operating Partnership"), has priced an offering of $650 million aggregate principal amount of 4.950% Senior Notes due 2030 (the "Notes"). The Notes will be issued at 99.444% of par value with a coupon of 4.950% per annum.
About this update from American Homes 4 Rent
[{"type":"text","content":"LAS VEGAS, May 6, 2025 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company") today announced that its operating partnership, American Homes 4 Rent, L.P. (the "Operating Partnership"), has priced an offering of $650 million aggregate principal amount of 4.950% Senior Notes due 2030 (the "Notes"). The Notes will be issued at 99.444% of par value with a coupon of 4.950% per annum.","length":422,"tagName":"p"},{"type":"image","alt":"AMH Logo (PRNewsfoto/American Homes 4 Rent)","displaySize":"","headline":null,"caption":"AMH Logo (PRNewsfoto/American Homes 4 Rent)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":123,"url":"https://media.zenfs.com/en/prnewswire.com/d564df2c35612a5a29539ae376a2aa0a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/oe0zQbZ2KFB1nU3xVKo1Aw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d564df2c35612a5a29539ae376a2aa0a","width":400,"height":123}},"href":"https://mma.prnewswire.com/media/1990748/AMH_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Interest on the Notes is payable semi-annually in arrears on June 15 and December 15 of each year, commencing December 15, 2025. The Notes will mature on June 15, 2030. The offering is subject to the satisfaction of customary closing conditions and is expected to close on or about May 13, 2025.","length":305,"tagName":"p"},{"type":"text","content":"The Operating Partnership intends to use the net proceeds from the offering for the repayment of outstanding indebtedness, which may include repayment of amounts outstanding on its revolving credit facility, repayment or voluntary prepayment of all or a portion of its outstanding 2015-SFR2 asset-backed securitization notes, as well as general corporate purposes, including, without limitation, property acquisitions and developments, the expansion, redevelopment and/or improvement of existing properties in the Company's portfolio, other capital expenditures, working capital and other general purposes.","length":610,"tagName":"p"},{"type":"text","content":"Wells Fargo Securities, LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers and representatives of the underwriters for the of...