Equity Office Sub Offering $1B of Notes

EOP Operating LP, a subsidiary of Chicago-based Equity Office Properties Trust, has commenced an offering of $1.0 billion aggregate principal amount of exchangeable senior notes due 2026.In addition, Equity Office said the subsidiary is offering $150 million of notes that may be issued, at the option of the initial purchasers, within 30 days to cover any overallotments. The notes will be senior unsecured obligations of EOP Partnership that will be fully and unconditionally guaranteed by Equity Office. Equity Office, a real estate investment trust, can be found online at http://www.equityoffice.com.

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