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UDR offers fixed-rate medium-term notes via three bookrunners
By Devika Patel
Knoxville, Tenn., Aug. 6 – UDR, Inc. intends to conduct an offering of dollar-denominated fixed-rate 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.
BofA Securities, Inc., Wells Fargo Securities LLC and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used to repay debt, including the redemption of the company's $300 million 3.7% senior notes due Oct. 1, 2020, for acquisitions and for other general corporate purposes.
The real estate investment trust for apartment communities is based in Denver.
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