debt
confidence high
sentiment neutral
materiality 0.55
American Homes 4 Rent issues $500M 5.5% senior notes due 2034 at 99.455% of par
American Homes 4 Rent
- Notes carry a 5.500% annual coupon, payable semi-annually on Jan 15 and Jul 15, maturing Jul 15, 2034.
- Expected net proceeds ~$492.5M after underwriting discounts and expenses; offering closes Jun 26, 2024.
- Proceeds to repay outstanding indebtedness, including 2014-SFR3 securitization notes, and for general corporate purposes.
- Underwriting led by BofA, J.P. Morgan, Morgan Stanley, and Wells Fargo as representatives.