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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BofA Securities, Others Arrange $2.5B Credit Facility for Equity Residential
Thursday, November 7, 2019
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Lenders/Participants
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Bank of America Securities [Joint Bookrunner, Joint Lead Arranger]
JPMorgan Chase Bank [Joint Bookrunner, Joint Lead Arranger]
Wells Fargo Securities [Joint Bookrunner, Joint Lead Arranger]
Barclays Bank [Joint Lead Arranger, Co-Syndication Agent]
Citibank [Joint Lead Arranger, Co-Syndication Agent]
Deutsche Bank Securities, Inc. [Joint Lead Arranger, Co-Syndication Agent]
Morgan Stanley Bank [Joint Lead Arranger, Co-Syndication Agent]
Royal Bank of Canada [Joint Lead Arranger, Co-Syndication Agent]
U.S. Bank [Joint Lead Arranger, Co-Syndication Agent]
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Structure
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Mulit-currency Revolving Credit Facility
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Amount
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$2.500
Billion
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Borrower(s)
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Equity Residential
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Description
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A $2.5 billion multi-currency revolving credit facility, replacing its existing $2.0 billion credit agreement. The new facility matures on November 1, 2024, and can be extended or increased, subject to lender consent and customary conditions. The interest rate and facility fees are based on the operating partnership’s long-term unsecured credit ratings. A total of 22 lenders (and in certain cases their affiliates) participated in the operating partnership’s $2.5 billion revolving credit facility.
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Industry
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Real Estate
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ABL Advisor
Deal Tables
2024
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