AvalonBay closes $400M offering of 5.000% Senior Notes due 2035

AVALONBAY COMMUNITIES INC

Issued $400M principal amount of 5.000% Senior Notes maturing August 1, 2035.
Net proceeds of about $393.9M after underwriting discount and expenses.
Interest payable semi-annually on Feb 1 and Aug 1 starting Feb 1, 2026.
Proceeds to be used for working capital, general corporate purposes, and may repay outstanding commercial paper.
Underwriters include Wells Fargo Securities, Barclays Capital, Scotia Capital, and Truist Securities.

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