trending Market Intelligence /marketintelligence/en/news-insights/trending/lnksawt3ibbthdtnlym3tw2 content esgSubNav
In This List

AvalonBay nets $296M in medium-term notes offering

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Infographic: The Big Picture 2024 – Energy Transition Outlook

AvalonBay nets $296M in medium-term notes offering

AvalonBay Communities Inc. closed a public offering of $300 million of its 4.35% medium-term notes due April 15, 2048.

The residential apartment real estate investment trust will use the roughly $296.2 million of net proceeds from the offering to pay down debt under its $1.5 billion revolving credit facility and for general corporate uses, including the acquisition, development and redevelopment of apartment communities.

UBS Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. acted as representatives for the agents in the offering.