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Mid-America Apartment $300M notes offering prices

Feb. 26, 2019 4:38 PM ETMid-America Apartment Communities, Inc. (MAA) StockBy: Liz Kiesche, SA News Editor
  • Mid-America Apartment Communities' (NYSE:MAA) operating partnership prices a $300M offering of 3.950% senior unsecured notes due 2029 under its existing shelf registration statement.
  • The Mid-America Apartments L.P. notes were priced at 99.720% of the principal amount.
  • Closing is expected to occur on March 7, 2019.
  • Proceeds use intended to repay part of the borrowings outstanding under its $1B revolving credit facility and for general corporate purposes.

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