Home / News / American Homes 4 Rent (NYSE: AMH): American Homes 4 Rent Declares Public Offering of Series G Preferred Shares

American Homes 4 Rent (NYSE: AMH): American Homes 4 Rent Declares Public Offering of Series G Preferred Shares

American Homes 4 Rent (NYSE: AMH) (the “Company”) recently declared that it has begind an underwritten public offering of its Series G Preferred Shares. The Company also plans to grant the underwriters a 30-day option to purchase up to an additional 15% of the Series G Preferred Shares at the public offering price, less the underwriting discount. The Company intends to apply to list the Series G Preferred Shares on the New York Stock Exchange under the symbol “AMHPRG.”
The Company will contribute the net proceeds from the offering to its operating partnership in exchange for Series G operating partnership units. The operating partnership intends to use the net proceeds from the contribution to repay indebtedness under the Company’s revolving credit facility and term loan facility, to acquire single-family properties and for general corporate purposes, counting repurchases of the Company’s securities.
Wells Fargo Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Raymond James are acting as joint book-running managers for the offering, and Jefferies is acting as lead manager for the offering.

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