debt
confidence high
sentiment neutral
materiality 0.55
AMH Operating Partnership issues $500M 5.25% Senior Notes due 2035
American Homes 4 Rent
- $500M aggregate principal amount of 5.250% Senior Notes due March 15, 2035.
- Notes priced at 99.484% of par; net proceeds estimated at ~$492.7M.
- Offering expected to close December 9, 2024, subject to customary conditions.
- Proceeds to repay outstanding debt including credit facility and 2015-SFR1 notes, plus general corporate purposes.
- Interest payable semi-annually on March 15 and September 15, starting March 15, 2025.