UDR intends to sell fixed-rate medium-term notes via six bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 11 – UDR, Inc. plans to conduct an offering of fixed-rate series A medium-term notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are fully and unconditionally guaranteed by United Dominion Realty, LP.

The notes may be redeemed at the greater of a make-whole call and a par call until three months prior to maturity and then may be called at par.

Wells Fargo Securities LLC, PNC Capital Markets LLC, U.S. Bancorp Investments Inc., Regions Securities LLC, TD Securities (USA) LLC and Truist Securities Inc. are the bookrunners.

Proceeds will be used to repay debt, including the redemption of all $300 million of the company's 4% medium-term notes due Oct. 1, 2025, for potential acquisitions or for other general corporate purposes.

The real estate investment trust for apartment communities is based in Denver.

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