American Homes 4 Rent (AMH) Prices 43.5M Share Secondary Stock Offering for Proceeds of ~$946M

September 8, 2016 8:45 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

AGOURA HILLS, Calif., Sept. 8, 2016 American Homes 4 Rent (NYSE: AMH) (the "Company") today announced the pricing of an underwritten secondary public offering of 43,500,000 shares of the Company's Class A common shares of beneficial interest, $0.01 par value per share (the "Class A common shares"), at $21.75 per Class A common share. All of the Class A common shares were sold by Alaska Permanent Fund Corporation, the selling shareholder (the "selling shareholder"), for expected gross proceeds to the selling shareholder of approximately $946.1 million, before underwriting discounts and commissions payable by the selling shareholder. The offering is expected to close on or about September 13, 2016, subject to customary closing conditions.

The Company is not offering any Class A common shares in the offering and will not receive any of the proceeds from the sale of its Class A common shares by the selling shareholder.

BofA Merrill Lynch is acting as the sole underwriter for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification thereof under the securities laws of any such state or jurisdiction.

The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus and prospectus supplement. Copies of the preliminary prospectus supplement relating to the offering and the final prospectus supplement, when available, may be obtained by visiting EDGAR on the SEC's website at or from BofA Merrill Lynch, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, via email:

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Equity Offerings

Related Entities

Merrill Lynch, Bank of America

Add Your Comment