Loan & DebtAug 6, 2026, 06:11 AM
Equity Residential's Operating Partnership Issues $1B Notes
AI Summary
Equity Residential's operating partnership, ERP Operating Limited Partnership, agreed to issue a total of $1 billion in new notes. This includes $600 million of 4.950% Notes due October 1, 2031, and $400 million of 5.450% Notes due October 1, 2036. The notes were sold in a public offering through a Terms Agreement with several underwriters, including Morgan Stanley and J.P. Morgan Securities.
Key Highlights
- ERP Operating Limited Partnership to issue $1,000,000,000 aggregate principal amount of Notes.
- Includes $600,000,000 of 4.950% Notes due October 1, 2031.
- Includes $400,000,000 of 5.450% Notes due October 1, 2036.
- Notes sold through a Terms Agreement dated August 4, 2026.
- Underwriters include Morgan Stanley, Wells Fargo Securities, BofA Securities, Goldman Sachs, and J.P. Morgan Securities.
Price Impact
More from EQR