BOSTON--(BUSINESS WIRE)--Dec. 11, 2014--
Boston Properties, Inc. (NYSE: BXP), a real estate investment
trust, today announced the redemption prices for the $300 million in
aggregate principal amount of 5.625% Senior Notes dues 2015 (the “5.625%
Notes”) and $250 million in aggregate principal amount of 5.000% Senior
Notes due 2015 (the “5.000% Notes”) issued by its operating partnership,
Boston Properties Limited Partnership, which will be redeemed in full on
December 15, 2014 (the “Redemption Date”).
The redemption price for the 5.625% Notes will be approximately $308.1
million. The redemption price includes approximately $2.9 million of
accrued and unpaid interest to, but not including, the Redemption Date.
Excluding such accrued and unpaid interest, the redemption price is
approximately 101.73% of the principal amount being redeemed.
The redemption price for the 5.000% Notes will be approximately $255.8
million. The redemption price includes approximately $0.5 million of
accrued and unpaid interest to, but not including, the Redemption Date.
Excluding such accrued and unpaid interest, the redemption price is
approximately 102.13% of the principal amount being redeemed.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be any
sale of these securities in any state in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
Boston Properties is a fully integrated, self-administered and
self-managed real estate investment trust that develops, redevelops,
acquires, manages, operates and owns a diverse portfolio of Class A
office space, one hotel, three residential properties and five retail
properties. The Company is one of the largest owners and developers of
Class A office properties in the United States, concentrated in four
markets – Boston, New York, San Francisco and Washington, DC.
Source: Boston Properties, Inc.
Boston Properties, Inc.
Michael Walsh, 617-236-3410
Senior
Vice President, Finance
or
Arista Joyner, 617-236-3343
Investor
Relations Manager