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Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
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The RegistryReposted by The Registry
The RegistryEssex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading rolling money-market borrowing for up to five years of committed funding as the West Coast apartment landlord sells older assets, buys back stock and bets on a supply-starved rental market.
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