New Issue-ERP Operating sells $600 mln in notes

July 12 (BestGrowthStock) – ERP Operating LP on Monday sold $600
million of senior unsecured notes, said IFR, a Thomson Reuters
service.

The size of the deal was increased from an originally
planned $500 million.

Citigroup, Deutsche Bank and Morgan Stanley were the joint
bookrunning managers for the sale.
BORROWER: ERP OPERATING LP
AMT $600 MLN COUPON 4.75 PCT MATURITY 7/15/2020
TYPE SR NTS ISS PRICE 99.237 FIRST PAY 1/15/2011
MOODY’S Baa1 YIELD 4.848 PCT SETTLEMENT 7/15/2010
S&P BBB-PLUS SPREAD 180 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE

New Issue-ERP Operating sells $600 mln in notes