---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-104180"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:52:56.259933+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AvalonBay enters $2.25B revolving credit facility maturing 2026, replacing $1.75B facility

## Summary
- Principal amount $2.25B with accordion feature up to $3.0B; maturity Sept 27, 2026 with extension option.
- Pricing based on SOFR plus margin of 0.65% to 1.40% depending on credit rating; sustainability-linked adjustments.
- No borrowings outstanding at closing; $6.9M used for letters of credit; ~$2.24B available.
- Replaces prior $1.75B facility dated Feb 2019, which was set to mature Feb 2024.
- Customary financial covenants including leverage and coverage ratios; joint bookrunners JPMorgan, BofA, Wells Fargo.

## SEC filing metadata
- accession: 0001104659-22-104180
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000110465922104180/0001104659-22-104180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000110465922104180/tm2226851d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-104180
- JSON: https://secwatch.observer/filing/0001104659-22-104180.json
- Plain text: https://secwatch.observer/filing/0001104659-22-104180.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.