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UDR proposes to sell series A medium-term notes via two bookrunners
By Devika Patel
Knoxville, Tenn., Oct. 17 – UDR, Inc. expects to sell fixed-rate series A medium-term notes, according to a 424B5 filed with the Securities and Exchange Commission.
The notes are guaranteed by United Dominion Realty, LP.
The notes feature a make-whole call and then a par call.
Citigroup Global Markets Inc. and BofA Merrill Lynch are the bookrunners.
Proceeds will be used to repay $195.8 million of the company's Fannie Mae secured credit facility tranches due Oct. 1, 2019 and Dec. 1, 2019 and for other general corporate purposes.
UDR is a real estate investment trust that owns and operates apartment communities.
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