埃塞克斯发行3.5亿美元的高级票据

2025-12-04 05:35

Essex (NYSE:ESS) announced on Wednesday that its operating partnership, Essex Portfolio, L.P priced an underwritten public offering of $350M of 4.875% senior notes due 2036.
The notes were priced at 99.093% of par value with a yield to maturity of 4.988%.
Interest is payable semiannually at an interest rate per annum of 4.875% on February 15 and August 15 of each year, with the first interest payment due August 15, 2026.
The offering is expected to close on December 12, 2025.
The issuer intends to use the net proceeds of this offering to repay the company’s $450M outstanding amount of 3.375% senior notes due April 2026.
Furthermore, the company plans to use net proceeds for other general corporate and working capital purposes like funding potential acquisition opportunities.
Wells Fargo Securities, LLC, and J.P. Morgan Securities LLC served as joint book-running managers.
BMO Capital Markets Corp., Regions Securities LLC, Scotia Capital (USA) and Truist Securities, Inc. served as senior co-managers, and Samuel A. Ramirez & Company, Inc. served as co-manager for the offering.

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