MAA prices $350 million senior notes due 2031
Filed with the SEC on · Summarized by InvestorsBot
MAA’s operating partnership, Mid-America Apartments, L.P., priced $350 million of 5.350% senior unsecured notes due December 15, 2031, at 99.584% of principal; closing is expected November 12, 2026, subject to customary conditions. The company plans to use the net proceeds to repay borrowings under its revolving credit facility and commercial paper program, for other debt repayment, and for general corporate purposes including potential apartment acquisitions, development and redevelopment.