Equity Residential amends $2.5 billion revolving credit facility, assumes AvalonBay obligations
EQR•Credit facility and term loan amendments
Equity Residential’s operating partnership amended AvalonBay’s revolving credit agreement, assuming a $2.5 billion senior unsecured facility.
The facility matures April 3, 2030, with one- or two-year extension options; outstanding borrowings totaled $1.21 billion at Aug. 17, 2026.
Pricing is set at Term SOFR or Daily SOFR plus 72.5 basis points, and the quarterly facility fee is currently 12.5 basis points.
A separate amendment shifted a $550 million senior unsecured term loan to the operating partnership; it matures April 3, 2029.
Term loan pricing is set at Term SOFR or Daily SOFR plus 80 basis points; $550 million remained outstanding at Aug. 17, 2026.
