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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.

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