American Homes 4 Rent Announces Pricing of Public Offering of $650 Million of 4.950% Senior Notes due 2030

Core Viewpoint - American Homes 4 Rent has announced a $650 million offering of 4.950% Senior Notes due 2030, aimed at refinancing existing debt and supporting general corporate purposes [1][3]. Group 1: Offering Details - The offering consists of $650 million aggregate principal amount of Senior Notes priced at 99.444% of par value with a coupon rate of 4.950% per annum [1]. - Interest on the Notes will be paid semi-annually starting December 15, 2025, with maturity set for June 15, 2030 [2]. - The offering is expected to close on or about May 13, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for repaying outstanding indebtedness, including amounts on the revolving credit facility and asset-backed securitization notes [3]. - Additional uses include property acquisitions, developments, and improvements of existing properties, as well as other capital expenditures and working capital [3]. Group 3: Company Overview - American Homes 4 Rent is a leading integrated owner, operator, and developer of single-family rental homes, managing over 61,000 properties across various U.S. regions as of March 31, 2025 [7].