secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001104659-22-125200
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvalonBay closes $350M public offering of 5.000% Senior Notes due 2033
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- $350M principal of 5.000% Senior Notes due 2033 issued; closing on December 7, 2022.
- Net proceeds estimated at $345.5M after underwriting discount and expenses.
- Proceeds for land acquisitions, development/redevelopment, working capital, and possible repayment of commercial paper or credit facility.
- Underwriters: Goldman Sachs & Co. LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC.
- Notes are senior unsecured, ranking equally with existing unsecured debt; effectively subordinated to secured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000110465922125200/0001104659-22-125200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000110465922125200/tm2232070d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-125200

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