Exhibit 99.1
![LOGO](https://capedge.com/proxy/8-K/0001193125-19-295182/g834257dsp37.jpg)
PRESS RELEASE
MAA Announces Pricing of Senior Unsecured Notes Offering
Germantown, Tenn., November 18, 2019 / PRNewswire / –Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced that its operating partnership,Mid-America Apartments, L.P. (“MAALP”) priced a $300 million offering of MAALP’s 2.750% senior unsecured notes due 2030 (the “Notes”) under its existing shelf registration statement. The Notes were priced at 99.762% of the principal amount. The closing of the offering is expected to occur on November 26, 2019, subject to the satisfaction of customary closing conditions.
MAALP intends to use net proceeds from the offering to repay a portion of the borrowings outstanding under its unsecured commercial paper program, and for general corporate purposes, which may include, without limitation, the repayment of other debt and the acquisition, development and redevelopment of apartment communities.
Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Jefferies LLC, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey, Inc. were the joint book-running managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. The offering of these securities will be made only by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained from: Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, or bycalling: 1-800-645-3751, or by emailing: wfscustomerservice@wellsfargo.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or bycalling 1-800-831-9146, or by emailing: prospectus@citi.com; Jefferies LLC, 520 Madison Avenue, New York, NY 10022, Attention: Investment Grade Syndicate Desk, or by calling:1-877-877-0696; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179; Attention: Investment Grade Syndicate Desk, or bycalling: 1-212-834-4533; and SunTrust Robinson Humphrey, Inc., 303 Peachtree Street, Atlanta, GA 30308, Attention: Prospectus Department, or by calling:1-800-685-4786, or by emailing: strhdocs@suntrust.com. Alternatively, investors may obtain these documents, when available, for free by visiting EDGAR on the Securities and Exchange Commission’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful under the securities laws of any such jurisdiction.
About MAA
MAA is a self-administered real estate investment trust (“REIT”) and member of the S&P 500. MAA has ownership interest in apartment communities throughout the Southeast, Southwest andMid-Atlantic regions of the U.S. and is focused on delivering strong, full-cycle investment performance for shareholders.
Forward-Looking Statements
Sections of this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to our expectations for future periods. Forward-looking statements do not discuss historical fact, but instead include statements related to expectations, projections, intentions or other items related to the future. Such forward-looking statements include, without limitation, statements