Mid-America Apartment Communities Prices $350 Million Senior Unsecured Notes Offering

Mid-America Apartment Communities, Inc. (MAA), through its operating partnership Mid-America Apartments, L.P., has announced the pricing of a $350 million offering of 5.350% senior unsecured notes due December 15, 2031. The notes were priced at 99.584% of the principal amount, and the transaction is expected to close on November 12, 2026. The company intends to utilize the net proceeds from this offering to repay outstanding amounts under its unsecured revolving credit facility and commercial paper program. Additionally, funds will be allocated for general corporate purposes, including debt repayment and the acquisition, development, or redevelopment of apartment communities.

5 articles from 3 sources · updated

Coverage