Mid America Apartment Communities : America (Form 8-K)

Mid-America

Apartments, L.P. (the 'Operating Partnership') issued and sold $300 million in aggregate principal amount of its 1.100% Senior Notes due 2026 (the '2026 Notes') and 300 million in aggregate principal amount of its 2.875% Senior Notes due 2051 (the '2051 Notes' and, together with the 2026 Notes, the 'Notes'). The terms of the Notes are governed by an indenture dated as of May 9, 2017 between the Operating Partnership and U.S. Bank National Association, as trustee, as amended and supplemented by a sixth supplemental indenture dated as of August 19, 2021 (the 'Supplemental Indenture') between the Operating Partnership and U.S. Bank National Association, as trustee.

The 2026 Notes bear interest at 1.100% per annum and the 2051 Notes bear interest at 2.875% per annum. Interest is payable semi-annually in arrears on each March 15 and September 15, commencing on March 15, 2022. The 2026 Notes will mature on September 15, 2026 and the 2051 Notes will mature on September 15, 2051.

At any time prior to August 15, 2026 (one month prior to the maturity date of the 2026 Notes), the Operating Partnership will have the right, at its option, to redeem the 2026 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 after August 15, 2026, the Operating Partnership will have the right, at its option, to redeem the 2026 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 2026 Notes to be redeemed, plus accrued and unpaid interest to, but not including, the date of redemption.

At any time prior to Mach 15, 2051 (six months prior to the maturity date of the 2051 Notes), the Operating Partnership will have the right, at its option, to redeem the 2051 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 after Mach 15, 2051, the Operating Partnership will have the right, at its option, to redeem the 2051 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 2051 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, the Operating 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 descriptions of the Notes are qualified in their 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.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
4.1		Indenture, dated as of May 9, 2017, by and betweenMid-America Apartments, L.P. and U.S. Bank National Association (filed as Exhibit 4.1 to the Registrant's Current Report on Form8-K filed on May 9, 2017 and incorporated herein by reference)
4.2		Sixth Supplemental Indenture, dated as of August 19, 2021, by and betweenMid-America Apartments, L.P. and U.S. Bank National Association
5.1		Opinion of Bass, Berry & Sims PLC
23.1		Consent of Bass, Berry & Sims PLC (included in Exhibit 5.1)
104		Cover Page Interactive Data File (formatted in Inline eXtensible Business Reporting Language)