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American Homes 4 Rent plans to sell fixed-rate senior notes
By Devika Patel
Knoxville, Tenn., Jan. 15 – American Homes 4 Rent LP plans to sell dollar-denominated fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes have a make-whole call and are then redeemable at par.
J.P. Morgan Securities LLC, BofA Merrill Lynch and Morgan Stanley & Co. LLC are the bookrunners.
Proceeds will be used to repay debt under the company’s revolving credit facility and for general corporate purposes, including acquisitions, debt repayment, capital expenditures, expansion, redevelopment and/or improvement of properties, working capital and other general purposes, including securities repurchases.
American Homes is an Agoura Hills, Calif.-based real estate investment trust.
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