Essex issues $350M 4.875% senior notes due 2036 to repay 2026 maturities

ESSEX PORTFOLIO LP

Issued $350M aggregate principal of 4.875% senior notes due Feb 15, 2036.
Net proceeds ~$344.2M after underwriting discount and estimated offering expenses.
Proceeds to fund repayment of $450M 3.375% notes due April 2026 and general corporate purposes.
Notes are unsecured senior obligations; fully guaranteed by Essex Property Trust, Inc.
Notes redeemable at par after Nov 15, 2035; earlier redemption at Treasury rate plus 15 bps.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ESSEX PORTFOLIO LP incurred senior notes of $350.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.875% per annum maturing February 15, 2036.

Instrument: senior notes
Principal: $350.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.875% per annum
Maturity: February 15, 2036
Event: incurrence

Exact text from the filing

On December 12, 2025, the Operating Partnership issued $350.0 million aggregate principal amount of Notes.

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Source: SEC EDGAR

accession 0001140361-25-045386

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