Business

Essex Property Trust Prices $350 Million of Senior Notes

SAN MATEO, Calif., December 03, 2025--Essex Property Trust, Inc. (NYSE:ESS) ("Essex") announced today that its operating partnership, Essex Portfolio, L.P. (the "Issuer"), priced an underwritten public offering of $350.0 million aggregate principal amount of 4.875% senior notes due 2036 (the "Notes"). The Notes were priced at 99.093% of par value with a yield to maturity of 4.988%. Interest is payable semiannually at an interest rate per annum of 4.875% on February 15 and August 15 of each year

articleEssex Property Trust, Inc.December 3, 20255/company/essex-property-trust-inc/news/essex-property-trust-prices-350-211500624
Essex Property Trust Prices $350 Million of Senior Notes

About this update from Essex Property Trust, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":961,"height":338,"url":"https://media.zenfs.com/en/business-wire.com/c25df68d28e1a0840de4250c7ff4eb1c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2.20B9Ft6fNlkIlznj9dpQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMzODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/c25df68d28e1a0840de4250c7ff4eb1c","width":960,"height":338},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/UyXjdVsbqqN2WSvKaJN.HA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTE5MjI7aD02NzY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/c25df68d28e1a0840de4250c7ff4eb1c","width":961,"height":338}},"lazy":false},{"type":"text","content":"SAN MATEO, Calif., December 03, 2025--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) ("Essex") announced today that its operating partnership, Essex Portfolio, L.P. (the "Issuer"), priced an underwritten public offering of $350.0 million aggregate principal amount of 4.875% senior notes due 2036 (the "Notes"). The Notes were priced at 99.093% of par value with a yield to maturity of 4.988%. Interest is payable semiannually at an interest rate per annum of 4.875% on February 15 and August 15 of each year with the first interest payment due August 15, 2026. The Notes mature on February 15, 2036. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected to close on December 12, 2025, subject to the satisfaction of certain closing conditions.","length":883,"tagName":"p"},{"type":"text","content":"The Issuer intends to use the net proceeds of this offering to repay upcoming debt maturities, including to fund a portion of the repayment of the Issuer’s $450.0 million aggregate principal amount outstanding of 3.375% senior notes due April 2026, and for other general corporate and working capital purposes, which may include the funding of potential acquisition opportunities. Pending application of the net proceeds from the offering for the foregoing purposes, such proceeds initially may be used to fund the repayment of outstanding indebtedness under the Issuer’s commercial paper program and unsecured credit facilities and/or invested in short-term securities.","length":670,"tag...

More updates from Essex Property Trust, Inc.

Essex Property Trustnet proceedsprospectus supplementEssex Portfolio, L.P.forward-looking statements