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Post Apartment Homes planning sale of 10-year senior notes Friday
By Andrea Heisinger
New York, Nov. 2 - Post Apartment Homes, LP is preparing an offering of 10-year senior notes (Baa3/BBB-/) on Friday, according to a filing with the Securities and Exchange Commission.
Active bookrunner is Wells Fargo Securities LLC. J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are passive bookrunners.
Proceeds will be used to redeem about $130.1 million of 6.3% senior notes due June 1, 2013 and to pay related premiums and expenses of about $4.1 million and for general corporate purposes, including property acquisitions.
Post was last in the market with a $150 million sale of 4.75% seven-year notes on Oct. 13, 2010.
The developer and operator of multifamily communities is based in Atlanta.
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