Item 8.01. Other Events. OnAugust 12, 2020 ,Mid-America Apartments, L.P. (the "Operating Partnership") issued and sold$450 million in aggregate principal amount of its 1.700% Senior Notes due 2031 (the "Notes"). The terms of the Notes are governed by an indenture dated as ofMay 9, 2017 between theOperating Partnership andU.S. Bank National Association , as trustee, as amended and supplemented by a fifth supplemental indenture dated as ofAugust 12, 2020 (the "Supplemental Indenture") between theOperating Partnership andU.S. Bank National Association , as trustee. The Notes bear interest at 1.700% per annum. Interest is payable semi-annually in arrears on eachFebruary 15 andAugust 15 , commencing onFebruary 15, 2021 . The Notes will mature onFebruary 15, 2031 . At any time prior toNovember 15, 2030 (three months prior to the maturity date of the Notes), theOperating Partnership will have the right, at its option, to redeem the Notes, in whole or in part, at any time and from time to time, by paying a "make-whole" premium, plus accrued and unpaid interest to, but not including, the date of redemption. In addition, on or afterNovember 15, 2030 , theOperating Partnership will have the right, at its option, to redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but not including, the date of redemption. Upon the occurrence of an event of default with respect to the Notes, which includes payment defaults, defaults in the performance of certain covenants, and bankruptcy and insolvency related defaults, theOperating Partnership's obligations under the Notes may be accelerated, in which case the entire principal amount of the Notes would be immediately due and payable. The foregoing description of the Notes is qualified in its entirety by the full text of the Supplemental Indenture establishing the terms of the Notes, which is being filed as Exhibit 4.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description of Exhibit 4.1 Indenture, dated as ofMay 9, 2017 , by and betweenMid-America Apartments, L.P. andU.S. Bank National Association (filed as Exhibit 4.1 to the Registrant's Current Report on Form 8-K filed onMay 9, 2017 and incorporated herein by reference) 4.2 Fifth Supplemental Indenture, dated as ofAugust 12, 2020 , by and betweenMid-America Apartments, L.P. andU.S. Bank National Association 5.1 Opinion ofBass, Berry & Sims PLC 23.1 Consent ofBass, Berry & Sims PLC (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted in Inline eXtensible Business Reporting Language)
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