Post repays all debt outstanding under term loan, revolver

By Tali Rackner

Norfolk, Va., Dec. 1 – Post Apartment Homes, LP repaid all amounts outstanding under its $300 million unsecured bank term loan facility and unsecured revolving credit facilities, according to an 8-K filed Thursday with the Securities and Exchange Commission.

Wells Fargo Bank, NA is the administrative agent on all facilities, which were terminated upon repayment.

The paydowns were made in connection with Post Properties, Inc.’s merger with and into Mid-America Apartments, LP.

Post Apartment Homes is the operating subsidiary of Post Properties, an Atlanta-based real estate investment trust that develops and operates upscale multifamily communities. Mid-America Apartments is a Memphis-based real estate investment trust.

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