Essex Portfolio to price guaranteed senior notes via six bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 4 – Essex Portfolio, LP is expected to price guaranteed senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are Wells Fargo Securities LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., Jefferies & Co. and MUFG.

The notes are guaranteed by Essex Property Trust, Inc.

Proceeds will be used to repay debt under the company’s $1.2 billion unsecured line of credit facility and its $35 million unsecured working capital line of credit facility and for other general corporate and working capital purposes.

Palo Alto, Calif.-based Essex Portfolio is a real estate investment trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.