Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
BXP, Inc. incurred convertible notes of $1.0 billion aggregate principal amount with Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; Truist Securities, Inc.; Wells Fargo Securities, LLC at 2.00% per annum maturing October 1, 2030.
- Instrument
- convertible notes
- Principal
- $1.0 billion aggregate principal amount
- Counterparty
- Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; Truist Securities, Inc.; Wells Fargo Securities, LLC
- Rate
- 2.00% per annum
- Maturity
- October 1, 2030
- Event
- incurrence
Exact text from the filing
On September 29, 2025, Boston Properties Limited Partnership (the “ Partnership ”), the operating partnership of BXP, Inc. (the “ Company ”) completed the issuance and sale of $1.0 billion aggregate principal amount of the Partnership’s 2.00% Exchangeable Senior Notes due 2030 (the “ Notes ”) pursuant to the purchase agreement among the Partnership, the Company and Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as the representatives of the initial purchasers of the Notes, which included the full exercise of the option granted to the initial purchasers to purchase an additional $150,000,000 aggregate principal amount of the Notes.
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
BXP, Inc. issued 13,252,000 shares of common stock of convertible note to initial purchasers for $1.0 billion aggregate principal amount of 2.00% Exchangeable Senior Notes due 2030.
- Security
- convertible note
- Shares
- 13,252,000 shares of common stock
- Purchaser
- initial purchasers
- Consideration
- $1.0 billion aggregate principal amount of 2.00% Exchangeable Senior Notes due 2030
Exact text from the filing
The Notes were issued to the initial purchasers in reliance upon Section 4(a)(2) of the Securities Act in transactions not involving any public offering.
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