Form 8-K · Current report
Vivmark Residential 8-K, filed Aug 17, 2026
- Filed
- CIK
- 0000906107
- Accession no.
- 0001193125-26-354068
Summary
In connection with the closing of the Mergers on August 17, 2026, Canopy Merger Sub LLC and ERP Operating Limited Partnership entered into supplemental indentures with trustees assuming AvalonBay's obligations under three indentures and the notes issued under them, with ERP Operating Partnership succeeding Merger Sub as successor to AvalonBay. ERP Operating Partnership also assumed AvalonBay's rights and obligations under its $2.5 billion senior unsecured revolving credit facility and $550 million senior unsecured term loan facility through amendments with Bank of America and Truist Bank as administrative agents.
Key points
- The notes assumed include $300 million of 2.900% notes due 2026 through $300 million of 4.150% notes due 2047, issued under indentures dated 1998, 2018 and 2024.
- The new $2.5 billion revolving credit facility matures April 3, 2030, subject to extension with lender consent, and carries a spread currently of 72.5 basis points plus a 12.5 basis point facility fee.
- The new $550 million term loan facility matures April 3, 2029, with a spread currently of 80 basis points.
- As of August 17, 2026, $1.205 billion was borrowed and outstanding under the new revolver and the full $550 million remained outstanding under the term loan; ERP Operating Partnership's existing $2.5 billion revolving credit facility remains in effect.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Supplemental Indentures On the Closing Date, in connection with the Mergers, Merger Sub, ERP Operating Partnership and The Bank of New York Mellon, as trustee, entered into the Sixth Supplemental Indenture (the “Sixth Supplemental Indenture”) to the Indenture, dated as of January 16, 1998 (as supplemented by that certain First Supplemental Indenture dated as of January 20, 1998 (the “1998 First Supplemental Indenture”), by that certain Second Supplemental Indenture dated as of July 7, 1998 (the “1998 Second Supplemental Indenture”), by that certain Third Supplemental Indenture dated as of December 21, 1998 (the “1998 Third Supplemental…
An excerpt of the text as filed with the SEC, cut for length.
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