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EQR Erp Operating LTD Partnership

Filed: 5 Aug 21, 4:16pm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 3, 2021
 
 
EQUITY RESIDENTIAL
(Exact Name of Registrant as Specified in its Charter)
 
 
 
Maryland
 
1-12252
 
13-3675988
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 
ERP OPERATING LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)
 
 
 
Illinois
 
0-24920
 
36-3894853
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
Two North Riverside Plaza
Chicago, Illinois
 
60606
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (312) 474-1300
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Common Shares of Beneficial Interest, $0.01 Par Value (Equity Residential)
 
EQR
 
New York Stock Exchange
7.57% Notes due August 15, 2026
(ERP Operating Limited Partnership)
 
N/A
 
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 

Item 8.01. Other Events.
On August 3, 2021, Equity Residential’s operating partnership, ERP Operating Limited Partnership, an Illinois limited partnership (the “Company”), agreed to issue $500,000,000 aggregate principal amount of 1.850% Notes due August 1, 2031 (the “Notes”) in a public offering. The Company agreed to sell the Notes pursuant to a Terms Agreement, dated as of August 3, 2021, among the Company and each of Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, as representatives of the underwriters named therein. The Notes will be issued pursuant to an Indenture, dated as of October 1, 1994, between the Company and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (as successor to J.P. Morgan Trust Company, National Association, as successor to Bank One Trust Company, N.A., successor to The First National Bank of Chicago) (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of September 9, 2004, by and between the Company and the Trustee, as further supplemented by the Second Supplemental Indenture, dated as of August 23, 2006, by and between the Company and the Trustee, as further supplemented by the Third Supplemental Indenture, dated as of June 4, 2007, by and between the Company and the Trustee, as further supplemented by the Fourth Supplemental Indenture, dated as of December 12, 2011, by and between the Company and the Trustee, and as further supplemented by the Fifth Supplemental Indenture, dated as of February 1, 2016, by and between the Company and the Trustee.
The Company intends to use the net proceeds of the offering to finance or refinance, in whole or in part, existing and/or new Eligible Green Projects (as defined in the prospectus supplement dated August 3, 2021). Pending such allocation of the net proceeds to Eligible Green Projects, the Company may use the unallocated portion of the net proceeds for partial repayment of the notes issued under the Company’s commercial paper program.
Item 9.01. Financial Statements and Exhibits.
 
 
2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  
EQUITY RESIDENTIAL
    
Date: August 5, 2021   By: 
/s/ Robert A. Garechana
    Name: Robert A. Garechana
    Its: Executive Vice President and Chief Financial Officer
    
Date: August 5, 2021   By: 
/s/ Scott J. Fenster
    Name: Scott J. Fenster
    Its: Executive Vice President, General Counsel and Corporate Secretary
  
  
ERP OPERATING LIMITED PARTNERSHIP
   
  By: EQUITY RESIDENTIAL, its general partner
    
Date: August 5, 2021   By: 
/s/ Robert A. Garechana
    Name: Robert A. Garechana
    Its: Executive Vice President and Chief Financial Officer
    
Date: August 5, 2021   By: 
/s/ Scott J. Fenster
    Name: Scott J. Fenster
    Its: Executive Vice President, General Counsel and Corporate Secretary
[Signature page to Form
8-K]