CALABASAS, Calif., April 19, 2021 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) (the “Company”), a leading provider of high-quality single-family homes for rent, today announced that the Company and its operating partnership, American Homes 4 Rent, L.P. (the “Borrower”), successfully closed a $1.25 billion, sustainability-linked revolving credit facility (the “Credit Facility”), amending its existing $800 million revolving credit facility. The amended revolving credit facility provides for expanded borrowing capacity to continue to support the Company’s growth initiatives, reflects a more favorable pricing grid based on current market conditions, and includes a sustainability component based upon third-party performance measures through which overall pricing can further improve if the Company meets certain targets.
“We are pleased to announce the closing of our upsized credit facility which reflects our continued strategic focus on outsized external growth as well as dedication to sustainability and sound ESG principles,” stated Chris Lau, American Homes 4 Rent’s Chief Financial Officer. “Our flexible balance sheet and access to investment grade capital continue to be a key differentiator for American Homes 4 Rent. We appreciate the strong support from our bank group and believe the closing of our upsized credit facility reflects their confidence in our future.”
The amended revolving credit facility has an initial maturity date of April 15, 2025 and may be…
