debt
confidence high
sentiment neutral
materiality 0.55
Equity Residential's operating partnership issues $1B in notes: $600M 4.950% due 2031, $400M 5.450% due 2036
ERP OPERATING LTD PARTNERSHIP
- ERP Operating Limited Partnership agreed to issue $600M of 4.950% Notes due Oct 1, 2031 and $400M of 5.450% Notes due Oct 1, 2036.
- Underwriters include Morgan Stanley, Wells Fargo, BofA Securities, Goldman Sachs, and J.P. Morgan.
- Notes are issued under existing indenture with The Bank of New York Mellon Trust Company as trustee.
- Proceeds expected for general corporate purposes; offering priced on August 4, 2026.