Essex Property Trust Issues $350 Million in 4.875% Senior Notes Due 2036

Reuters12-13 05:10

Essex Property Trust Issues $350 Million in 4.875% Senior Notes Due 2036

Essex Property Trust Inc., through its operating partnership Essex Portfolio, L.P., has issued $350 million in aggregate principal amount of 4.875% senior notes due 2036. The notes are governed by an indenture with U.S. Bank Trust Company, National Association serving as trustee. The net proceeds of approximately $344.2 million will be used to repay upcoming debt maturities, including a portion of Essex's $450 million of 3.375% senior notes due April 2026, and for general corporate and working capital purposes, which may include potential acquisitions. Pending their use, the funds may be applied to repay outstanding indebtedness under the company's commercial paper program and unsecured credit facilities or invested in short-term securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Essex Property Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-045386), on December 12, 2025, and is solely responsible for the information contained therein.

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