Air issues $400 million of senior unsecured notes

Denver--(business wire)--apartment income reit corp. (“air”) (nyse: airc) today announced the issuance of three tranches of guaranteed, senior unsecured notes, totaling $400 million at a weighted average effective interest rate of 4.3%, inclusive of a previously placed treasury lock, and a weighted average maturity of eight years. specifically, air issued: $100 million of five year notes at a stated interest rate of 4.58%; $100 million of seven year notes at a stated interest rate of 4.77%; and
AIRC Ratings Summary
AIRC Quant Ranking