secwatch.observer — SEC 8-K summary
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Issuer:     ESSEX PORTFOLIO LP (—)
CIK:        0001053059
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001140361-25-005002
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Essex Portfolio issues $400M of 5.375% senior notes due 2035
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053059/000114036125005002/0001140361-25-005002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920522/000114036125005002/ny20042839x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-005002

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