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

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Essex Property Trust Inc. has issued $350 million in 4.875% senior notes due 2036. The net proceeds of $344.2 million will be used to repay upcoming debt maturities, including part of Essex’s $450 million of 3.375% senior notes due April 2026, and for general corporate purposes. The funds may also be used to repay outstanding indebtedness or invested in short-term securities.
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