Essex Property Trust Prices $350 Million Senior Notes Offering
Essex Property Trust announced a $350 million senior notes offering, priced at 99.093% of par with a yield of 4.988%. The notes, due 2036, will be used to repay debt and for corporate purposes. Interest is 4.875%, paid semiannually, with the first payment in August 2026. The offering is guaranteed by Essex.
Essex Property Trust, Inc. (NYSE:ESS) announced that its operating partnership, Essex Portfolio, L.P., has priced an underwritten public offering 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%. Interest will be paid semiannually at an annual rate of 4.875%, with the first payment due on August 15, 2026. The notes mature on February 15, 2036, and will be fully and unconditionally guaranteed by Essex. The net proceeds are intended to repay upcoming debt maturities, including a portion of the $450 million 3.375% senior notes due April 2026, and for other general corporate and working capital purposes. The full prospectus is available at here. 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 Business Wire (Ref. ID: 20251203245329) on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
