Brief: Lessen Acquires Sms Assist
12/01/2023 17:01
Jan 12 (Reuters) - American Homes 4 Rent AMH.N :
* LESSEN ACQUIRES SMS ASSIST
* LESSEN - DEAL RESULTING IN AN INCREASED COMBINED COMPANY
VALUATION OF OVER $2 BILLION IN ENTERPRISE VALUE
* LESSEN - RAISING ABOUT $500 MILLION IN COMBINED NEW DEBT &
EQUITY IN ADDITION TO SMS ASSIST STOCKHOLDERS EXCHANGING PORTION
OF SMS STOCK FOR CO'S STOCK
* LESSEN - DEBT AND EQUITY INVESTORS WHO BACKED DEAL INCLUDE
MONROE CAPITAL, VÄRDE PARTNERS AND KOCH REAL ESTATE INVESTMENTS
* LESSEN - CLIENTS WHO INVESTED IN DEAL WITH LESSEN INCLUDE
INVITATION HOMES AND AMERICAN HOMES 4 RENT, AMONG OTHERS
* LESSEN - FOLLOWING DEAL CLOSE, LESSEN’S MCKEE WILL
CONTINUE TO
LEAD NEWLY COMBINED CO AND SERVE ON ITS BOARD
Source text for Eikon: ID:
Further company coverage: AMH.N
((Reuters.Briefs@thomsonreuters.com;))