8-KItem 1.01 · Material AgreementItem 2.03 · Financial Obligation
Essex Secures $275 Million Unsecured Term Loan Due 2029
Filed with the SEC on · Summarized by InvestorsBot
Essex Property Trust, through its operating partnership, entered into a $275 million unsecured term loan agreement with Bank of America, N.A. as administrative agent and other lenders, maturing September 24, 2029, with two one-year extension options. The loan initially bears interest at SOFR plus 0.800%, may be increased to $500 million with lender commitments, and is expected to help repay commercial paper debt and fund general corporate purposes.