MAA Secures Funds
MAA (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently closed on an unsecured term loan worth $150 million to increase its liquidity and repay its debt. The five-year term loan has a variable interest rate of LIBOR plus a spread of 1.40% to 2.15%, depending on the company’s leverage levels. J.P. Morgan Securities [...]
MAA (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently closed on an unsecured term loan worth $150 million to increase its liquidity and repay its debt. The five-year term loan has a variable interest rate of LIBOR plus a spread of 1.40% to 2.15%, depending on the company’s leverage levels.
J.P. Morgan Securities LLC, the investment banking division of JPMorgan Chase & Co. (JPM) and Keybank National Association that provides various banking services in the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards