debt
confidence high
sentiment neutral
materiality 0.60
American Homes 4 Rent closes $500M 5.5% senior notes due 2034
American Homes 4 Rent
- $500M aggregate principal of 5.500% Senior Notes due 2034 issued at 99.455% of par.
- Interest payable semi-annually on Jan 15 and Jul 15, commencing Jan 15, 2025; maturity July 15, 2034.
- Notes are unsecured and unsubordinated, ranking equally with existing and future unsecured debt.
- Indenture limits incurrence of secured/unsecured debt and requires total unencumbered assets ≥150% of total unsecured indebtedness.
- Operating Partnership may redeem notes at make-whole price before Apr 15, 2034, then at par thereafter.