{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-005002","form_type":"8-K","ticker":null,"cik":"0001053059","company_name":"ESSEX PORTFOLIO LP","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.816270+00:00","generated_at":"2026-05-26T13:26:05.490826+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Essex Portfolio issues $400M of 5.375% senior notes due 2035","bullets":["Issued $400M of 5.375% senior notes due April 1, 2035; net proceeds of ~$395.5M after discount and expenses.","Proceeds to refinance maturing debt, including $500M of 3.500% notes due April 2025, and for general corporate purposes.","Notes are unsecured senior obligations of Essex Portfolio, L.P., ranking equally with other senior unsecured debt.","Redeemable at make-whole plus 15 bps before Jan 1, 2035, then at par; interest payable semi-annually starting Oct 1, 2025.","Fully and unconditionally guaranteed by Essex Property Trust, Inc."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-005002","json":"https://secwatch.observer/filing/0001140361-25-005002.json","markdown":"https://secwatch.observer/filing/0001140361-25-005002.md","text":"https://secwatch.observer/filing/0001140361-25-005002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1053059/000114036125005002/0001140361-25-005002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920522/000114036125005002/ny20042839x5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T13:26:05.490826+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6a06ce025cb0bbcd5676a40072667ec1dcb2e7cc","claim":"ESSEX PORTFOLIO LP incurred senior notes of $400.0 million with the holders at 5.375% per annum maturing April 1, 2035.","evidence_excerpt":"On February 18, 2025, Essex Portfolio, L.P. (the “Operating Partnership”), the operating partnership of Essex Property Trust, Inc. (the “Company”), issued $400.0 million aggregate principal amount of its 5.375% senior notes due 2035 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1053059/000114036125005002/0001140361-25-005002-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400.0 million"},{"label":"Counterparty","value":"the holders"},{"label":"Rate","value":"5.375% per annum"},{"label":"Maturity","value":"April 1, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}