AI English summary of an SEC filing — figures as filed
The company said Mid-America Apartments, L.P. (the Operating Partnership) issued and sold $350 million of 4.950% Senior Notes due 2035 on December 18, 2024.
Key points
AI summaryThe company said Mid-America Apartments, L.P. (the Operating Partnership) issued and sold $350 million of 4.950% Senior Notes due 2035 on December 18, 2024.
The company said the Notes bear interest at 4.950% per annum, payable semi-annually in arrears on March 1 and September 1 each year, with the first payment on September 1, 2025 and maturity on March 1, 2035.
The company said the Operating Partnership may redeem the Notes in whole or in part before December 1, 2034 by paying a make-whole premium plus accrued and unpaid interest, and after that date at 100% of the principal amount plus accrued and unpaid interest.
The company said the Notes are governed by an indenture dated May 9, 2017 and a ninth supplemental indenture dated December 18, 2024, and that upon a payment, covenant or bankruptcy-related event of default, the entire principal amount could become immediately due and payable.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
$350 million 4.950% Senior Notes Due 2035 Issued
The company said Mid-America Apartments, L.P. (the Operating Partnership) issued and sold $350 million of 4.950% Senior Notes due 2035 on December 18, 2024.
Source · Based on the filing body and exhibits
4.950% Annual Interest, Maturing March 1, 2035
The company said the Notes bear interest at 4.950% per annum, payable semi-annually in arrears on March 1 and September 1 each year, with the first payment on September 1, 2025 and maturity on March 1, 2035.
Source · Based on the filing body and exhibits
Make-Whole Premium and Par Redemption Terms
The company said the Operating Partnership may redeem the Notes in whole or in part before December 1, 2034 by paying a make-whole premium plus accrued and unpaid interest, and after that date at 100% of the principal amount plus accrued and unpaid interest.
Source · Based on the filing body and exhibits
Acceleration on Default and Governing Indentures
The company said the Notes are governed by an indenture dated May 9, 2017 and a ninth supplemental indenture dated December 18, 2024, and that upon a payment, covenant or bankruptcy-related event of default, the entire principal amount could become immediately due and payable.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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