UDR issued $300,000,000 of 5.125% Medium-Term Notes, Series A due 2034 on August 15, 2024. The notes are fully and unconditionally guaranteed by United Dominion Realty, L.P.

8-KOther EventsFiled Aug 15, 2024Period of report Aug 12, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

UDR issued $300,000,000 of 5.125% Medium-Term Notes, Series A due 2034 on August 15, 2024. The notes are fully and unconditionally guaranteed by United Dominion Realty, L.P.
The company said the notes were priced at 98.977% of principal amount, plus accrued interest from August 15, to yield 5.257% to maturity. It said the effective interest rate, including the impact of prior interest rate hedges and excluding offering costs, was 5.08%.
The company said interest on the notes is payable semiannually on March 1 and September 1, with the first interest payment on March 1, 2025. The notes will mature on September 1, 2034 unless redeemed before that date.
The company said it expects to use the net proceeds to repay existing borrowings under its commercial paper program and for general corporate purposes. It said settlement was expected to occur on August 15, 2024, subject to customary closing conditions.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

UDR Issues $300,000,000 5.125% Medium-Term Notes

UDR issued $300,000,000 of 5.125% Medium-Term Notes, Series A due 2034 on August 15, 2024. The notes are fully and unconditionally guaranteed by United Dominion Realty, L.P.

Source · Based on the filing body and exhibits

Notes Priced at 98.977%, Yield to Maturity 5.257%

The company said the notes were priced at 98.977% of principal amount, plus accrued interest from August 15, to yield 5.257% to maturity. It said the effective interest rate, including the impact of prior interest rate hedges and excluding offering costs, was 5.08%.

Source · Based on the filing body and exhibits

Interest Payment Schedule and Maturity

The company said interest on the notes is payable semiannually on March 1 and September 1, with the first interest payment on March 1, 2025. The notes will mature on September 1, 2034 unless redeemed before that date.

Source · Based on the filing body and exhibits

Use of Net Proceeds

The company said it expects to use the net proceeds to repay existing borrowings under its commercial paper program and for general corporate purposes. It said settlement was expected to occur on August 15, 2024, subject to customary closing conditions.

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

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