Empire State Realty Launches Green Notes Private Placement

Empire State Realty (ESRT) has provided an update.

Empire State Realty Trust, Inc. and its subsidiary have initiated a private placement of $225 million in green senior unsecured notes, set to close on June 17, 2024, with varying interest rates and maturities up to 2034. The proceeds will be used primarily to repay existing debt and for general corporate purposes until allocated to green projects. These notes, part of the company’s Green Financing Framework, are exempt from registration under the Securities Act of 1933 and will be sold privately.

Learn more about ESRT stock on TipRanks’ Stock Analysis page.