American Homes 4 Rent to repay revolver, term debt via preferreds sale

By Susanna Moon

Chicago, April 19 – American Homes 4 Rent plans to repay debt under its revolving credit facility and term loan facility using proceeds of a new issue of preferred stock.

American Homes 4 Rent plans to price an underwritten public offering of its series F preferred shares with a 30-day greenshoe for another 15%, according to a company announcement.

The real estate investment trust is based in Agoura Hills, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.