American Campus offers guaranteed senior notes via two bookrunners

By Devika Patel

Knoxville, Tenn., Jan. 15 – American Campus Communities Operating Partnership LP is expected to sell guaranteed senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

The notes are guaranteed by American Campus Communities Inc.

Proceeds will be used to redeem the company’s $400 million of 3.35% senior notes due 2020.

The real estate investment trust for student housing is based in Austin, Tex.

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