AvalonBay’s $300 Million Public Notes Offering


O’Melveny represented UBS Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as lead agents, in addition to Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, JP Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, BB&T Capital Markets, BNY Mellon Capital Markets, LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC, in connection with AvalonBay Communities, Inc.’s (AVB: NYSE) public offering of an aggregate US$300 million principal amount of 4.35% Notes due 2027. This offering closed on March 26, 2018.

AvalonBay Communities, Inc. is a real estate investment trust. The Company, led by Timothy J Naughton, Kevin P O’Shea and Sean J Breslin, develops, redevelops, acquires, owns, and operates multifamily communities in the United States.

The O’Melveny team was led by partner Peter T. Healy (Picture), and included counsel Adam Ajlouni and associate Sydney Ryan. Partner Arthur Hazlitt, counsel Alexander Roberts and associate Adam Mechanic advised on tax matters.

Involved fees earner: Peter Healy – O’Melveny & Myers LLP; Adam Ajlouni – O’Melveny & Myers LLP; Sydney Ryan – O’Melveny & Myers LLP; Arthur Hazlitt – O’Melveny & Myers LLP; Alexander Roberts – O’Melveny & Myers LLP; Adam Mechanic – O’Melveny & Myers LLP;

Law Firms: O’Melveny & Myers LLP;

Clients: Barclays Capital; Deutsche Bank Securities; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; JP Morgan Securities; TD Securities; BNY Mellon; SunTrust Robinson Humphrey, Inc.; PNC Capital Markets LLC; BB&T Corporation; Wells Fargo Securities; MUFG Securities Americas Inc. ;

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Author: Ambrogio Visconti