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Stock Market & Financial Investment News

News Breaks
January 14, 2013
17:04 EDTEQREquity Residential secures new $2.5B line of credit
Equity Residential announced that the company has entered into a new unsecured revolving credit facility and term loan as it positions itself for the closing of the Archstone acquisition in the first quarter of 2013. On January 11, the company entered into a new $2.5B unsecured revolving credit agreement with a group of 25 financial institutions. The new facility matures in April 2018 and has an interest rate of LIBOR plus a spread and an annual facility fee that are dependent on the company’s then current credit rating. At the company’s current rating, the interest rate spread is 1.05% and the annual facility fee is 15 basis points. This facility replaced the company’s existing $1.75 billion facility which was scheduled to mature in July 2014.
News For EQR From The Last 14 Days
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July 23, 2014
10:02 EDTEQROn The Fly: Analyst Initiation Summary
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05:48 EDTEQREquity Residential initiated with a Neutral at Mizuho
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July 18, 2014
10:03 EDTEQROn The Fly: Analyst Downgrade Summary
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06:11 EDTEQREquity Residential downgraded to Market Perform at Raymond James
Raymond James downgraded Equity Residential to Market Perform from Outperform.

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