Equity Residential Secures New $2.5 Billion Revolving Credit Facility
Equity Residential's ERP Operating Limited Partnership has secured a new $2.5 billion unsecured revolving credit facility with Bank of America, extending maturity to December 3, 2030. The facility allows for an additional $1 billion in borrowings, with interest rates based on SOFR plus a spread. The agreement includes customary covenants and conditions.
Equity Residential’s operating partnership, ERP Operating Limited Partnership, has entered into a new $2.5 billion unsecured revolving credit agreement with Bank of America, N.A. as Administrative Agent and a syndicate of financial institutions. This new credit facility, which replaces a prior $2.5 billion facility set to mature in 2027, extends the maturity to December 3, 2030. The agreement allows for an increase in available borrowings by up to an additional $1.0 billion. Interest rates on advances will be based on Term SOFR or Daily Simple SOFR plus a spread, currently 72.5 basis points per annum, and a facility fee of 12.5 basis points per annum, both tied to the operating partnership’s long-term debt credit rating. The facility includes customary covenants and conditions. 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. Equity Residential 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: 0001193125-25-308127), on December 04, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
