Boston Properties Inc., a Boston-based real estate investment trust, has reported that its operating partnership, Boston Properties LP, has priced an offering of $250 million of senior unsecured notes.The 5.000% notes, due June 1, 2015, were priced at 99.329 to yield 5.075%. The REIT said the proceeds will be used primarily to repay short-term floating-rate debt, reducing its floating-rate debt to 5.4% of total debt (all of which will be construction loans). The company can be found online at http://www.bostonproperties.com.
Processing Content
