secwatch.observer — SEC 8-K summary
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Issuer:     ESSEX PORTFOLIO LP (—)
CIK:        0001053059
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001140361-24-013247
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Essex issues $350M 5.500% senior notes due 2034 to refinance maturing debt
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- Issued $350M aggregate principal amount of 5.500% senior notes due April 1, 2034.
- Net proceeds of approximately $346.5M after underwriting discount and expenses.
- Proceeds to repay 3.875% notes maturing May 2024 and for general corporate purposes.
- Notes are unsecured senior obligations, guaranteed by Essex Property Trust, Inc.
- Redeemable at Treasury rate plus 25 bps prior to Jan 1, 2034, thereafter at par.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053059/000114036124013247/0001140361-24-013247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920522/000114036124013247/ny20023289x7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-013247

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