Essex Property Trust Announces $200M Add-On Offering of Senior Notes Due 2034
Monday, 19 August 2024, 21:58
Essex Property Trust's Strategic Financing Move
Essex Property Trust has made headlines by pricing a $200 million add-on offering of its senior notes due in 2034. This strategic financial maneuver aims to bolster the company's balance sheet and improve liquidity.
Details of the Offering
- Amount: $200 million
- Due Date: 2034
- Reoffer Yield: 5.110%
The successful pricing of this add-on offering underscores Essex Property Trust's commitment to optimizing its financing strategies and strengthening its market position.
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