debt
confidence high
sentiment neutral
materiality 0.50
American Homes 4 Rent completes $500M 5.250% Senior Notes due 2035
American Homes 4 Rent
- Aggregate principal $500M; coupon 5.250%; maturity March 15, 2035.
- Issued at 99.484% of par; interest payable semi-annually on March 15 and September 15, starting March 15, 2025.
- Notes are unsecured, unsubordinated obligations; rank equally with existing and future unsecured debt.
- Redemption at make-whole or par after December 15, 2034; covenants include total unencumbered assets >= 150% of unsecured debt.
- Operating Partnership is the issuer; Notes may require subsidiary and corporate guarantees if credit facility is guaranteed.