American Homes 4 Rent may use note proceeds to redeem preferreds

Chicago, March 31 – American Homes 4 Rent LP said that some of the $900 million of proceeds from a new offering of senior notes may be used to redeem its series F preferred stock, according to a press release.

Proceeds will be used first to pay down the company’s revolver. Leftover proceeds will be used for general corporate purposes, with the possible redemption of the series F preferreds and the redemption of other preferred shares specifically mentioned.

American Homes is a Calabasas, Calif.-based real estate investment trust.

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