BXP, Inc. (NYSE: BXP) announced today that its operating partnership, Boston Properties Limited Partnership (BPLP), has priced an upsized private offering of $850.0 million aggregate principal amount of 2.000% exchangeable senior notes due 2030. The notes were offered in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A.
The offering represents an exchangeable senior debt instrument with a fixed coupon of 2.000% and a maturity of 2030. BPLP, the issuer, is BXP’s primary operating partnership and the entity responsible for the issuance of the notes.
This financing provides BXP with additional capital that can be deployed for development projects, general corporate purposes, or to strengthen its balance sheet, thereby supporting the company’s ongoing development pipeline and capital allocation strategy.
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