The company said its operating partnership, Mid-America Apartments, L.P. (MAALP), priced a $350,000,000 offering of 4.950% senior unsecured notes due March 1, 2035 under its existing shelf registration statement.

1. 01

   The company said its operating partnership, Mid-America Apartments, L.P. (MAALP), priced a $350,000,000 offering of 4.950% senior unsecured notes due March 1, 2035 under its existing shelf registration statement.

2. 02

   The company said the notes were priced at 99.170% of principal amount and that closing is expected on December 18, 2024, subject to the satisfaction of customary closing conditions.

3. 03

   The company said MAALP plans to use net proceeds to repay borrowings outstanding under its unsecured commercial paper program, with any remaining proceeds used for general corporate purposes, which may include repaying other debt and the acquisition, development and redevelopment of apartment communities.

4. 04

   The company disclosed that on December 11, 2024, Mid-America Apartments, L.P. entered into an underwriting agreement with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. as representatives of the underwriters.

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Original filing

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