Austin, Texas — American Campus Communities has announced that its operating partnership, American Campus Communities Operating Partnership LP, has priced a $400 million offering of senior unsecured notes under its existing shelf registration. These 10-year notes were issued at 99.1 percent par-value with a coupon of 3.9 percent and will mature on Jan. 30, 2031. The operating partnership plans to use $392 million of the proceeds to repay borrowings under its revolving credit facility, fund projects in its current development pipeline and for general business purposes. Deutsche Bank Securities, J.P. Morgan Securities, BofA Securities, Capital One Securities, KeyBanc Capital Markets and Wells Fargo Securities are the joint book-running managers for the offering. BBVA Securities, Piper Sandler & Co., PNC Capital Markets, Regions Securities and U.S. Bancorp Investments will act as co-managers.