secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001104659-24-061178
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvalonBay closes $400M 5.350% Senior Notes due 2034, net proceeds ~$395.2M
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- Closed public offering of $400M principal amount of 5.350% Senior Notes due 2034.
- Net proceeds estimated at $395.2M after underwriting discount and expenses.
- Interest payable semi-annually on June 1 and December 1, starting Dec 1, 2024; maturity June 1, 2034.
- Proceeds to fund acquisitions, development, working capital, and possible repayment of commercial paper or credit facility.
- Underwriting syndicate led by BofA Securities, PNC Capital Markets, RBC Capital Markets, and TD Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000110465924061178/0001104659-24-061178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000110465924061178/tm2414397d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-061178

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