MAA Prices $350M of 5.350% Senior Notes Due 2031
GERMANTOWN – November 02, 2026 -- Mid-America Apartment Communities (NYSE: MAA) priced a $350 million offering of 5.350% senior unsecured notes due December 15, 2031, through its operating partnership, Mid-America Apartments, L.P. (MAALP).
Notes priced at 99.584% of principal under existing shelf registration
The notes were priced at 99.584% of principal, a discount of 0.416% to par. MAALP issued them under its existing shelf registration statement. Closing is expected on November 12, 2026, subject to customary conditions.
Proceeds to pay down revolver and commercial paper borrowings
MAALP will use net proceeds to repay amounts outstanding under its unsecured revolving credit facility and its unsecured commercial paper program. Remaining funds are earmarked for general corporate purposes. Those may include repaying other debt and acquiring, developing and redeveloping apartment communities.