Mid-America Apartments, L.P., the operating partnership of Mid-America Apartment Communities, issued and sold $400,000,000 aggregate principal amount of its 4.650% Senior Notes due 2033 on November 10, 2025, the company said.

1. 01

   Mid-America Apartments, L.P., the operating partnership of Mid-America Apartment Communities, issued and sold $400,000,000 aggregate principal amount of its 4.650% Senior Notes due 2033 on November 10, 2025, the company said.

2. 02

   The company said the Notes bear interest at 4.650% per annum, payable semi-annually in arrears on January 15 and July 15 each year, with the first interest payment on July 15, 2026, and that the Notes mature on January 15, 2033.

3. 03

   The company said the Operating Partnership may redeem the Notes before November 15, 2032 at its option, in whole or in part, by paying a make-whole premium plus accrued and unpaid interest, and on or after November 15, 2032 at a redemption price equal to 100% of the principal amount being redeemed plus accrued and unpaid interest.

4. 04

   The company said that if an event of default occurs on the Notes, including payment defaults, defaults under certain covenants, and bankruptcy or insolvency-related defaults, the entire principal amount of the Notes may become immediately due and payable. It said the terms of the Notes are governed by the tenth supplemental indenture dated as of November 10, 2025.

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