Final Term Sheet
Filed Pursuant to Rule 433
Registration Statement No. 333-181785
333-181785-01
November 2, 2012
POST APARTMENT HOMES, L.P.
PRICING TERM SHEET
$250,000,000 3.375% SENIOR NOTES DUE 2022
| Issuer: |
Post Apartment Homes, L.P. | |
| Size: |
$250,000,000 | |
| Expected Ratings (Moody’s / S&P)*: |
Baa2 /BBB | |
| Offering Format: |
SEC Registered | |
| Trade Date: |
November 2, 2012 | |
| Settlement Date: |
November 7, 2012 (T+3) | |
| Maturity Date: |
December 1, 2022 | |
| Interest Payment Dates: |
June 1 and December 1, commencing June 1, 2013 | |
| Optional Redemption: |
Make Whole Call @ T+25 bps prior to September 1, 2022 or at par on or after September 1, 2022 | |
| Benchmark Treasury: |
T 1.625% due 8/15/22 | |
| Benchmark Treasury Price / Yield: |
99-02+ / 1.728% | |
| Spread to Benchmark Treasury: |
+165 basis points | |
| Yield to Maturity: |
3.378% | |
| Coupon: |
3.375% | |
| Price to Public: |
99.972% | |
| Proceeds to the Issuer (before expenses): |
$248,305,000 | |
| CUSIP / ISIN: |
737415 AL3 / US737415AL35 | |
| Joint Book-Running Managers: |
Wells Fargo Securities, LLC J.P. Morgan Securities LLC SunTrust Robinson Humphrey, Inc. | |
| Co-Managers: |
PNC Capital Markets LLC Mitsubishi UFJ Securities (USA), Inc. BB&T Capital Markets, a division of Scott & Stringfellow, LLC Capital One Southcoast, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. The Williams Capital Group, L.P. | |
*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) and a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement for this offering, the issuer’s prospectus in that registration statement and any other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you request it by Wells Fargo Securities, LLC toll-free at 1-800-326-5897, J.P. Morgan Securities LLC collect at (212) 834-4533 or SunTrust Robinson Humphrey, Inc. at 1-800-685-4786.