other material
confidence high
sentiment neutral
materiality 0.30
AvalonBay files new $1B shelf registration; updates equity program with Nomura as forward seller
AVALONBAY COMMUNITIES INC
- Filed new automatic shelf registration statement on Form S-3, replacing the February 2021 shelf.
- Continuous equity program (CEP) capacity remains $1B; $294M sold to date, $706M still available.
- Added Nomura Securities International as Forward Seller and Nomura Global Financial Products as Forward Purchaser.
- Amended sales agency financing agreement with BTIG, LLC to include Nomura as forward seller.