American Homes 4 Rent Enters Material Definitive Agreement

TL;DR

AMH just signed a big deal, new financial obligation incoming.

AI Summary

On December 9, 2024, American Homes 4 Rent entered into a material definitive agreement related to a financial obligation. The filing details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature and terms of this agreement, including any associated dollar amounts or dates beyond the filing date, are not explicitly provided in this summary section of the filing.

Why It Matters

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

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, which inherently carries some level of financial risk that requires further investigation.

Key Players & Entities

• American Homes 4 Rent (company) — Registrant
• American Homes 4 Rent, L.P. (company) — Related Entity

FAQ

Key Financial Figures

• $500,000,000 — ed the previously announced offering of $500,000,000 aggregate principal amount of 5.250% Se

Filing Documents

• tm2430457d1_8k.htm (8-K) — 43KB
• tm2430457d1_ex4-2.htm (EX-4.2) — 126KB
• tm2430457d1_8kimg003.jpg (GRAPHIC) — 13KB
• 0001104659-24-126740.txt ( ) — 467KB
• amh-20241209.xsd (EX-101.SCH) — 3KB
• amh-20241209_def.xml (EX-101.DEF) — 28KB
• amh-20241209_lab.xml (EX-101.LAB) — 37KB
• amh-20241209_pre.xml (EX-101.PRE) — 26KB
• tm2430457d1_8k_htm.xml (XML) — 8KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On December 9, 2024, American Homes 4 Rent, L.P. (the "Operating Partnership") completed the previously announced offering of $500,000,000 aggregate principal amount of 5.250% Senior Notes due 2035 (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 Ninth Supplemental Indenture dated as of December 9, 2024 (the "Ninth Supplemental Indenture") relating to the Notes (the Ninth Supplemental Indenture, together with the Base Indenture, the "Indenture"), between the Operating Partnership and the Trustee. The Notes were issued at 99.484% of par value with a coupon of 5.250% per annum. Interest on the Notes is payable semi-annually in arrears on March 15 and September 15 of each year, commencing March 15, 2025. The Notes will mature on March 15, 2035. 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 cas

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 Ninth Supplemental Indenture, dated as of December 9, 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: December 9, 2024 AMERICAN HOMES 4 RENT By: /s/ Sara H. Vogt-Lowell Sara H. Vogt-Lowell Chief Legal Officer Date: December 9, 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