ESSEX PORTFOLIO LP Form 8-K — Sep 25, 2026
Essex Property Trust and its operating partnership Essex Portfolio, L.P. entered into a $275 million unsecured term loan on September 24, 2026, with Bank of America, N.A. as administrative agent. The loan matures September 24, 2029 with two one-year extension options, bears interest at SOFR plus 0.800%, and includes an accordion allowing an increase of up to $225 million to $500 million aggregate.
Key figures
- Debt Amount
- 275000000
- Interest Rate
- SOFR + 0.800%
- Maturity Date
- 2029-09-24
- Extension options
- two one-year extension options
- Accordion increase
- $225 million (to aggregate $500 million)
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.