Mid-America Apartment Communities, Inc. (NYSE: MAA) announced on November 2, 2026, that its operating partnership, Mid-America Apartments, L.P. (MAALP), priced an offering of senior unsecured notes. The transaction involves the issuance of $350,000,000 aggregate principal amount of notes.
The notes have a stated interest rate of 5.350% and are scheduled to mature on December 15, 2031. They were priced at 99.584% of their principal amount. The offering is being conducted under an existing shelf registration statement filed with the Securities and Exchange Commission.
MAALP intends to utilize the net proceeds from this sale for several purposes. The funds will be used to repay outstanding amounts under its unsecured revolving credit facility and its unsecured commercial paper program. Additionally, the company stated the proceeds may be used for general corporate purposes, including the repayment of other debt and funding the acquisition, development, and redevelopment of apartment communities.
The joint book-running managers for the transaction are J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC. Bass, Berry & Sims PLC is serving as legal counsel to MAALP, while Sidley Austin LLP is acting as legal counsel to the underwriters.
The closing of the offering is expected to occur on November 12, 2026, subject to the satisfaction of customary closing conditions.
