debt
confidence high
sentiment neutral
materiality 0.60
American Homes 4 Rent LP issues $650M of 4.950% Senior Notes due 2030
American Homes 4 Rent
- Principal amount $650M at 99.444% of par; coupon 4.950% due June 15, 2030.
- Net proceeds estimated at ~$641M after underwriting discounts and expenses.
- Proceeds to repay revolving credit facility, 2015-SFR2 ABS notes, and for general corporate purposes.
- Underwriters include Wells Fargo, BofA, Citigroup, J.P. Morgan; closing expected May 13, 2025.
- Interest payable semi-annually June 15 and December 15, starting December 15, 2025.