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

By Tali Rackner

Norfolk, Va., Nov. 14 – American Homes 4 Rent plans to repay debt it incurred or expects to incur under its revolving credit facility and term loan facility with the proceeds from a $400 million sale of securities, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used to acquire and renovate single-family properties and for related activities in accordance with the company’s business strategy and for working capital and general corporate purposes.

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.