EQR » Topics » the estimated fair values of the net derivative instruments at

This excerpt taken from the EQR 10-Q filed Nov 7, 2007.
the estimated fair values of the net derivative instruments at September 30, 2007, the Company may recognize an estimated $2.4 million of accumulated other comprehensive loss as additional interest expense during the twelve months ending September 30, 2008.

 

In June 2007, the Company received approximately $2.4 million to terminate five forward starting swaps in conjunction with the issuance of $650.0 million of ten-year unsecured notes.  The majority of the $2.4 million has been deferred as a component of accumulated other comprehensive loss and will be recognized as a reduction of interest expense over the life of the unsecured notes.

 

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