trending Market Intelligence /marketintelligence/en/news-insights/trending/sQjfIu2obammxyPycStnrw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Mid-America Apartment Communities unit closes $250M debt offering

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Mid-America Apartment Communities unit closes $250M debt offering

Mid-America Apartment Communities Inc. said its operating partnership issued $250.0 million of its 3.950% senior notes due March 15, 2029, at the close of its offering on Aug. 7.

The 3.950% annual interest on the notes, issued by Mid-America Apartments LP, is payable semiannually in arrears every March 15 and Sept. 15, starting Sept. 15.

The multifamily real estate investment trust said earlier that part of the net proceeds will go toward repaying a portion of the borrowings outstanding under its unsecured commercial paper program.

U.S. Bank NA is the trustee for the notes.