MAA Enters $1.5 Billion Unsecured Credit Facility Maturing January 2030
Mid-America Apartment Communities' operating partnership, MAALP, entered a Fifth Amended and Restated Credit Agreement dated October 21, 2025, providing an unsecured revolving credit facility of up to $1.5 billion. The facility matures January 21, 2030, with up to two six-month extensions at MAALP's option, and includes an accordion feature allowing an increase to $2.0 billion.
- Unsecured revolving facility of up to $1.5 billion, with a $75 million letter of credit sub-limit
- Scheduled maturity January 21, 2030, with up to two six-month extensions at MAALP's option
- Variable interest at SOFR plus 0.65% to 1.40%, or base rate plus 0.00% to 0.40%, based on MAALP's credit rating
- Proceeds intended for general corporate purposes, including debt repayment and backstopping commercial paper notes