secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001104659-23-124341
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvalonBay closes $400M offering of 5.300% Senior Notes due 2033, net proceeds ~$396.2M
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- Issued $400M principal of 5.300% Senior Notes due December 7, 2033; interest payable semi-annually.
- Net proceeds of ~$396.2M after underwriting discount and expenses.
- Proceeds earmarked for land acquisitions, development/redevelopment, and general corporate purposes, including repayment of commercial paper or credit facility.
- Notes governed by Indenture with The Bank of New York Mellon, with optional redemption by issuer.
- Underwriting group led by Barclays, Deutsche Bank, J.P. Morgan, and U.S. Bancorp.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000110465923124341/0001104659-23-124341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000110465923124341/tm2332384d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-124341

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