The company said its operating partnership, Boston Properties Limited Partnership, completed the issuance and sale of $850.0 million in 5.750% Senior Notes due 2035 on August 26, 2024.

8-KOther EventsFiled Aug 26, 2024Period of report Aug 26, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said its operating partnership, Boston Properties Limited Partnership, completed the issuance and sale of $850.0 million in 5.750% Senior Notes due 2035 on August 26, 2024.
The company said the net proceeds to Boston Properties Limited Partnership from the Notes sale, after underwriting discounts and estimated transaction expenses, are estimated at approximately $841.9 million.
The company said Boston Properties Limited Partnership plans to use the net proceeds to repay debt, which may include funding part or all of the redemption of the $850.0 million 3.200% Senior Notes due 2025 scheduled to mature on January 15, 2025.
The company said the Notes were issued under the underwriting agreement dated August 15, 2024, with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC acting as managers.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

BXP Prices $850.0 million 5.750% Senior Notes due 2035

The company said its operating partnership, Boston Properties Limited Partnership, completed the issuance and sale of $850.0 million in 5.750% Senior Notes due 2035 on August 26, 2024.

Source · Based on the filing body and exhibits

Net Proceeds Estimated at $841.9 million

The company said the net proceeds to Boston Properties Limited Partnership from the Notes sale, after underwriting discounts and estimated transaction expenses, are estimated at approximately $841.9 million.

Source · Based on the filing body and exhibits

Net Proceeds to Be Used for Debt Repayment

The company said Boston Properties Limited Partnership plans to use the net proceeds to repay debt, which may include funding part or all of the redemption of the $850.0 million 3.200% Senior Notes due 2025 scheduled to mature on January 15, 2025.

Source · Based on the filing body and exhibits

Underwriters and Underwriting Agreement Governing Issuance

The company said the Notes were issued under the underwriting agreement dated August 15, 2024, with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC acting as managers.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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