American Homes 4 Rent Announces Exercise of Option to Purchase Additional
AGOURA HILLS, Calif., Aug. 16, 2013
AGOURA HILLS, Calif., Aug. 16, 2013 /PRNewswire/ --American Homes 4 Rent (the
"Company," "we," or "our") announced that yesterday the underwriters exercised
in full their option to purchase 6,617,647 additional Class A common shares of
beneficial interest at an exercise price of $16.00 per share (before deducting
underwriting discounts and commissions) in connection with the Company's
initial public offering which was priced on July 31, 2013. Exercise of this
option will provide the Company with additional gross proceeds of
approximately $105.9 million. The closing of this option is expected to occur
on August 21, 2013, subject to customary closing conditions.
The shares of the Company commenced trading on the New York Stock Exchange
under the symbol "AMH" on August 1, 2013.
Goldman, Sachs & Co., BofA Merrill Lynch, FBR, J.P. Morgan, Wells Fargo
Securities, Citigroup, Credit Suisse, Jefferies, Morgan Stanley and Raymond
James have acted as joint book-running managers for the Company in its initial
A registration statement relating to these securities was declared effective
by the Securities and Exchange Commission on July 31, 2013. 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 before
registration or qualification thereof under the securities laws of any such
state or jurisdiction.
The offering has been made only by means of a prospectus. Copies of the final
prospectus relating to the offering can be obtained from Goldman, Sachs & Co.,
Attention: Prospectus Department, 200 West Street, New York, New York 10282,
telephone: 1-866-471-2526 or e-mail: email@example.com; BofA
Merrill Lynch at 222 Broadway, New York, New York 10038, Attention:
Prospectus Department, or e-mail: firstname.lastname@example.org; FBR Capital
Markets & Co., Attention: Syndicate Prospectus Department, 1001 Nineteenth
Street North, Arlington, Virginia 22209, telephone: 1-703-312-9500 or e-mail:
email@example.com; J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
telephone: 1-866-803-9204; or Wells Fargo Securities, Attention: Equity
Syndicate Dept., 375 Park Avenue, New York, New York 10152, telephone:
1-800-326-5897 or e-mail: firstname.lastname@example.org.
This press release contains "forward-looking statements." These
forward-looking statements relate to beliefs, expectations or intentions and
similar statements concerning matters that are not of historical fact and are
generally accompanied by words such as "estimate," "project," "predict,"
"believe," "expect," "anticipate," "intend," "potential," "plan," "goal" or
other words that convey the uncertainty of future events or outcomes. These
forward-looking statements may include, but are not limited to, expectations
concerningthe Company's ability to complete the option, the timing of the
closing and the amount of the total proceeds. The Company has based these
forward-looking statements on its current expectations and assumptions about
future events. While the Company's management considers these expectations to
be reasonable, they are inherently subject to risks, contingencies and
uncertainties, most of which are difficult to predict and many of which are
beyond the Company's control. Investors should not place undue reliance on
these forward-looking statements.
Contact: Peter J. Nelson, American Homes 4 Rent, Tel: (310) 774-5394
SOURCE American Homes 4 Rent
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