Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for American Campus Communities Operating Partnership LP > News item |
American Campus pricing $300 million five-year senior notes Tuesday
By Aleesia Forni
Virginia Beach, Sept. 15 – American Campus Communities Operating Partnership LP is in the market Tuesday with a $300 million offering of five-year senior notes, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
Bookrunners are Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC.
Proceeds will be used to repay the outstanding balance of a revolving credit facility, to fund the current development pipeline and potential acquisitions of student housing properties and for general business purposes.
The notes are guaranteed by American Campus Communities Inc.
The real estate investment trust for student housing is based in Austin, Texas.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.