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American Homes 4 Rent -1.5% on share sale

Mar. 22, 2017 4:15 PM ETAmerican Homes 4 Rent (AMH) StockBy: Stephen Alpher, SA News Editor1 Comment
  • The company is selling 11M shares, with underwriter greenshoe for another 1.65M shares. Alongside, Chairman Wayne Hughes will purchase $50M of company stock in a private placement at the offering price.
  • Proceeds will be used to help repay in full NYSE:AMH's 2014-SFR1 securitization loan, which had a balance of $456.1M as of Dec. 31.
  • Shares -1.5% after hours

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