TIAA REAL ESTATE ACCOUNT: debt financing — TIAA Real Estate Account closes $400M issuance of 5.50% senior notes due 2027

TIAA REAL ESTATE ACCOUNT

Closed issuance of $400M aggregate principal 5.50% series C senior notes due May 30, 2027.
Notes are unsecured obligations of TIAA Real Estate Account.
Issuance closed on May 30, 2023 under Note Purchase Agreement dated March 24, 2023.
Notes sold to qualified institutional purchasers via exemption from registration.
Prior filing details incorporated by reference; full terms in March 31, 2023 10-Q.

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

TIAA REAL ESTATE ACCOUNT incurred senior notes of $400,000,000 with certain qualified institutional purchasers at 5.50% maturing May 30, 2027.

Instrument: senior notes
Principal: $400,000,000
Counterparty: certain qualified institutional purchasers
Rate: 5.50%
Maturity: May 30, 2027
Event: incurrence

Exact text from the filing

the Company agreed to issue $400,000,000 in aggregate principal amount of 5.50% series C senior notes due May 30, 2027

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Source: SEC EDGAR

accession 0001628280-23-020793

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