MAA enters $350M unsecured term loan facility maturing November 2030

Mid-America Apartments, L.P.

Delayed draw term loan of up to $350M; proceeds for general corporate purposes and debt repayment.
Maturity November 15, 2030; draws allowed until December 21, 2026, with up to five draws.
Interest at SOFR plus margin of 0.675% to 1.55% based on credit rating; base rate plus 0% to 0.55%.
Quarterly commitment fee of 0.15% per annum on undrawn amounts; accordion feature to increase to $550M.
Loan contains customary financial covenants identical to existing unsecured revolving credit facility.

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