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Equity Residential operating partnership prices $600M debt offering

Aug 22, 2019 - SNL Real Estate Daily

Equity Residential operating partnership ERP Operating LP priced a $600.0 million public offering of 2.500% notes due Feb. 15, 2030, at 99.498%.

Interest on the notes will be payable semiannually on Feb. 15 and Aug. 15, starting Feb. 15, 2020.

The offering is expected to settle Aug. 27.

Net proceeds are expected to total approximately $593.1 million.

Barclays Capital Inc., BofA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo S...