American Homes 4 Rent has closed a $1.25 billion, sustainability-linked revolving credit facility.
The facility amends the firm's existing $800 million revolving credit facility, and marks the latest move by a REIT to secure lower borrowing costs by touting ESG commitments. It has an initial maturity date of April 15, 2025, which can be extended for up to one year through two six-month options.
"We are pleased to announce the closing of our upsized credit facility which reflects our continued strategic focus on outsized external growth as well as dedication to sustainability and sound ESG principles," Chris Lau, American Homes 4 Rent's CFO said in a statement.
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