---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-032276"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T22:05:08.980157+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AvalonBay ups revolver to $2.5B, adds $450M term loan, CP program to $1B

## Summary
- Seventh Amended Revolver: $2.5B (up from $2.25B), matures 3-Apr-2030, accordion to $3.0B; spread SOFR+0.725%.
- $450M term loan facility matures 3-Apr-2029, fully hedged via swaps to fixed 4.47% effective rate.
- Commercial paper program increased from $500M to $1.0B, backstopped by revolver capacity.
- No outstanding borrowings under either facility as of 3-Apr-2025.
- Covenants unchanged: total debt/capitalization, EBITDA/debt service, secured leverage, unsecured/asset value.

## SEC filing metadata
- accession: 0001104659-25-032276
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000110465925032276/0001104659-25-032276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000110465925032276/tm2511411d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-032276
- JSON: https://secwatch.observer/filing/0001104659-25-032276.json
- Plain text: https://secwatch.observer/filing/0001104659-25-032276.txt

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