American Homes 4 Rent Files 8-K with Material Agreements

TL;DR

AMH filed an 8-K detailing new material agreements and financial obligations, plus a termination.

AI Summary

On July 16, 2024, American Homes 4 Rent entered into a material definitive agreement and created a direct financial obligation. The company also terminated a material definitive agreement on the same date. Specific details regarding the nature of these agreements and obligations are not provided in this filing excerpt.

Why It Matters

This filing indicates significant changes in American Homes 4 Rent's contractual and financial obligations, which could impact its operational structure and financial health.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and financial obligations, which inherently carry financial and operational risks.

Key Players & Entities

• American Homes 4 Rent (company) — Filer
• American Homes 4 Rent, L.P. (company) — Filer

FAQ

Key Financial Figures

• $1.25 billion — mount available to be borrowed of up to $1.25 billion (the " Revolving Credit Facility "). Th

Filing Documents

• tm2419665d1_8k.htm (8-K) — 47KB
• tm2419665d1_ex10-1.htm (EX-10.1) — 1015KB
• tm2419665d1_img001.jpg (GRAPHIC) — 4KB
• tm2419665d1_ex10-1sp1img001.jpg (GRAPHIC) — 6KB
• 0001104659-24-081159.txt ( ) — 1539KB
• amh-20240716.xsd (EX-101.SCH) — 3KB
• amh-20240716_def.xml (EX-101.DEF) — 28KB
• amh-20240716_lab.xml (EX-101.LAB) — 37KB
• amh-20240716_pre.xml (EX-101.PRE) — 26KB
• tm2419665d1_8k_htm.xml (XML) — 8KB

01

Item 1.01. Entry into a Material Definitive Agreement Financing Arrangements On July 16, 2024, American Homes 4 Rent, L.P. (" Borrower "), the operating partnership of American Homes 4 Rent (the " REIT "), and the REIT, entered into a Credit Agreement (the " Credit Agreement ") with Wells Fargo Bank, National Association, as administrative agent (the " Agent "), the financial institutions party thereto as lenders (the " Lenders ") and other agents party thereto. The Credit Agreement provides for an unsecured revolving credit facility in an aggregate principal amount available to be borrowed of up to $1.25 billion (the " Revolving Credit Facility "). The Credit Agreement replaces the Borrower's existing Amended and Restated Credit Agreement, dated as of April 15, 2021, among the Borrower, the REIT, Wells Fargo Bank, National Association, as administrative, and the financial institutions party thereto as lenders and agents party thereto (the " Existing Credit Agreement "), which provided for a $1.25 billion revolving credit facility scheduled to terminate on April 15, 2025. Borrowings under the Revolving Credit Facility incur interest at a per annum rate equal to, at the Borrower's election, either a daily or Term SOFR rate plus a 0.10% spread adjustment and a margin ranging from 0.725% to 1.40% or a base rate (determined according to the greater of a prime rate, federal funds rate plus 0.5% or the daily SOFR plus 1.10%) plus a margin ranging from 0.00% to 0.40%. In each case, the actual margin is determined according to the REIT's senior unsecured long term indebtedness credit rating with Standard & Poor's, Moody's or Fitch in effect from time to time (the " Credit Ratings "). A facility fee, at a rate ranging from 0.125% to 0.30% per annum, applies to the aggregate commitments under the Revolving Credit Facility, regardless of whether utilized, with such facility fee is determined according to the REIT's Credit Ratings. The Credit Agreement also includes a sus

02

Item 1.02. Termination of a Material Definitive Agreement. On July 16, 2024, upon entry into the Credit Agreement described in Item 1.01 above, the Borrower terminated its Existing Credit Agreement.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 above under "Financing Arrangements" is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed with this report: Exhibit Number Description 10.1 Credit Agreement, dated July 16, 2024, by and among American Homes 4 Rent, L.P., as Borrower, American Homes 4 Rent, as Parent, Wells Fargo Bank, National Association, as Agent, and the other lending institutions that are parties thereto, as Lenders.* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). _________________________________ *Exhibits and schedules to this agreement have been omitted and will be furnished supplementally upon request to the Securities and Exchange Commission

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 19 , 2024 AMERICAN HOMES 4 RENT By: /s/ Sara H. Vogt-Lowell Name: Sara H. Vogt-Lowell Title: Chief Legal Officerand Secretary AMERICAN HOMES 4 RENT, L.P. By: American Homes 4 Rent, its General Partner By: /s/ Sara H. Vogt-Lowell Name: Sara H. Vogt-Lowell Title: Chief Legal Officerand Secretary

View Full Filing

View this 8-K filing on SEC EDGAR