American Homes 4 Rent Enters Material Definitive Agreement

TL;DR

AMH just signed a big deal, creating a new financial obligation. Details in the filing.

AI Summary

On June 26, 2024, American Homes 4 Rent (AMH) entered into a Material Definitive Agreement related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement, with specific financial statements and exhibits provided.

Why It Matters

This filing indicates a significant financial commitment or obligation for American Homes 4 Rent, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a new material definitive agreement and financial obligation introduces potential risks related to the terms, execution, and financial impact on the company.

Key Players & Entities

• American Homes 4 Rent (company) — Filer
• American Homes 4 Rent, L.P. (company) — Filer
• 20240626 (date) — Filing Date

FAQ

Key Financial Figures

• $500,000,000 — ed the previously announced offering of $500,000,000 aggregate principal amount of 5.500% Se

Filing Documents

• tm2417194d6_8k.htm (8-K) — 42KB
• tm2417194d6_ex4-2.htm (EX-4.2) — 128KB
• tm2417194d6_8kimg001.jpg (GRAPHIC) — 12KB
• 0001104659-24-075155.txt ( ) — 466KB
• amh-20240626.xsd (EX-101.SCH) — 3KB
• amh-20240626_def.xml (EX-101.DEF) — 28KB
• amh-20240626_lab.xml (EX-101.LAB) — 37KB
• amh-20240626_pre.xml (EX-101.PRE) — 26KB
• tm2417194d6_8k_htm.xml (XML) — 8KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On June 26, 2024, American Homes 4 Rent, L.P. (the "Operating Partnership") completed the previously announced offering of $500,000,000 aggregate principal amount of 5.500% Senior Notes due 2034 (the "Notes"). The Operating Partnership previously entered into an Indenture, dated as of February 7, 2018 (the "Base Indenture"), between the Operating Partnership, as issuer, and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the "Trustee"). In connection with the issuance of the Notes, the Operating Partnership entered into the Eighth Supplemental Indenture dated as of June 26, 2024 (the "Eighth Supplemental Indenture") relating to the Notes (the Eighth Supplemental Indenture, together with the Base Indenture, the "Indenture"), between the Operating Partnership and the Trustee. The Notes were issued at 99.455% of par value with a coupon of 5.500% per annum. Interest on the Notes is payable semi-annually in arrears on January 15 and July 15 of each year, commencing January 15, 2025. The Notes will mature on July 15, 2034. The Notes are the Operating Partnership's unsecured and unsubordinated obligations and rank equally in right of payment with all of the Operating Partnership's existing and future unsecured and unsubordinated indebtedness. Under limited circumstances, the Indenture will require certain of the Operating Partnership's subsidiaries and American Homes 4 Rent (the "Company") to guarantee the Notes in the future if, and for so long as, such subsidiary or the Company, as the case may be, guarantees the Operating Partnership's obligations under its revolving credit facility. The Operating Partnership may redeem the Notes in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) a "make-whole" amount and (ii) 100% of the principal amount of the notes to be redeemed, plus, in either case, ac

03. Creation of a Direct Financial Obligation or an

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of the Registrant. The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Indenture, dated as of February 7, 2018, between American Homes 4 Rent, L.P. and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the registrants' Current Report on Form 8-K filed February 7, 2018). 4.2 Eighth Supplemental Indenture, dated as of June 26, 2024, between American Homes 4 Rent, L.P. and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of Global Note representing the Notes (included in Exhibit 4.2). 104 Cover Page Interactive Data File (embedded within the Inline XBRL documents).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: June 26, 2024 AMERICAN HOMES 4 RENT By: /s/ Sara H. Vogt-Lowell Sara H. Vogt-Lowell Chief Legal Officer Date: June 26, 2024 AMERICAN HOMES 4 RENT, L.P. By: American Homes 4 Rent, its General Partner By: /s/ Sara H. Vogt-Lowell Sara H. Vogt-Lowell Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR