American Homes 4 Rent Announces Engagement of Advisors for Securitization Transaction PR Newswire 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 financing. "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. Forward-Looking Statements 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
American Homes 4 Rent Announces Engagement of Advisors for Securitization Transaction
Press spacebar to pause and continue. Press esc to stop.