secwatch.observer — SEC 8-K summary
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Issuer:     Mid-America Apartments, L.P. (—)
CIK:        0001581776
Form:       8-K
Filed at:   2026-06-25T20:15:18+00:00
Accession:  0001193125-26-282807
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581776/000119312526282807/0001193125-26-282807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912595/000119312526282807/maa-20260622.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-282807

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