Mid-America Apartment (MAA) Announces Offering of 1.1M Shares of Common Stock
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Mid-America Apartment (MAA) Prices 1.1M Share Offering; Proceeds of $212M
August 3, 2021 6:59 AM EDTMid-America Apartment Communities, Inc., ("MAA") (NYSE: MAA) today announced that it has priced an underwritten public offering of 1,100,000 shares of common stock for expected gross proceeds of approximately $212 million, all of which are being offered in connection with the forward sale agreements described below.
J.P. Morgan and Wells Fargo Securities are acting as the joint book-running managers for the offering.
MAA has entered into forward sale agreements with J.P. Morgan Securities LLC and Wells Fargo Securities or their affiliates (the "forward purchasers") with respect to 1,100,000 shares of its common... More
