Essex Property Trust, Inc. announced the pricing of $350 million aggregate principal amount 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% and will pay interest semiannually.
The offering is expected to close on December 12, 2025, and the net proceeds will be used for debt repayment and general corporate purposes.
Senior Notes Offering
Essex priced $350 million senior notes with a yield of 4.988% due 2036.
Use of Proceeds
Intends to repay debt maturities and fund potential acquisitions.
Underwriters
Wells Fargo Securities, J.P. Morgan Securities, and others served as underwriters for the offering.
- The offering helps Essex Property Trust manage upcoming debt maturities and strengthen its financial position.
- Potential acquisition funding indicates strategic growth plans for the company.
Essex Property Trust's successful pricing of senior notes demonstrates investor confidence and provides financial flexibility for future initiatives.