American Homes 4 Rent Announces Engagement of Advisors for Securitization
AGOURA HILLS, Calif., Nov. 8, 2013
AGOURA HILLS, Calif., Nov. 8, 2013 /PRNewswire/ --American Homes 4 Rent (the
"Company," "we," or "our") today announced it has engaged advisors to assist
in structuring and negotiating a securitization transaction secured by a
portion of its portfolio of single-family properties. The transaction has
been approved by the Company's Board of Trustees. The Company intends to go
to market with this transaction within the next 90 days and expects that the
transaction would be exempt from registration under the Securities Act of
1933, as amended. The Company did not comment on the anticipated terms of the
"We are very excited to finalize the details to take advantage of this new
capital opportunity. We look forward to leveraging our superior proprietary
business model to reduce our cost of capital over the long term," said David
P. Singelyn, Chief Executive Officer.
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," "anticipate," "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 concerning the Company's ability to complete a securitization
transaction or any transaction to raise debt capital, whether such a
transaction will result in a lower cost of capital for the Company, and the
timing to complete any securitization transaction. 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, including, but not limited to, conditions in the capital
markets, the results of discussions with the rating agencies and factors
impacting the Company's cost of capital, 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, which speak only
as of the date of this press release. The Company undertakes no obligation to
update any forward-looking statement to conform to actual results or changes
in expectations, except as required by applicable law.
Contact: Peter J. Nelson
American Homes 4 Rent
Tel: (310) 774-5394
SOURCE American Homes 4 Rent
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