Apartment Income REIT (AIRC) issues $400 million senior notes.

Apartment Income REIT Corp. (AIRC) announced that it has issued $400 million of senior unsecured notes in a private placement.  The offering included:
      • $100 million 4.58% senior unsecured notes due 2027.
      • $100 million 4.77% senior unsecured notes due 2029.
      • $200 million 4.84% senior unsecured notes due 2032.
Inclusive of a prior interest rate lock, AIRC said the effective rate on the note offering was approximately 4.3%.  Proceeds will be used to repay existing indebtedness, including borrowings under the credit facility.

07/05/2022