MAA Completes $175M Senior Unsecured Notes Offering
MAA (NYSE: MAA) announced today that the company and its operating partnership, Mid-America Apartments, L.P., have completed an issuance of $175 million of Senior Unsecured Notes.
The total $175 million issuance represents a weighted average term of 9.5 years and a weighted average interest rate of 4.02%. The issuance and sale of the notes will occur in three separate closings: $62 million on August 31, 2012, $59 million on September 28, 2012, and the remaining $54 million on November 30, 2012.
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