secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001037540-25-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BXP issues $1.0B 2% exchangeable notes due 2030; proceeds to repay 2026 notes
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- Issued $1.0B aggregate principal of 2.00% Exchangeable Senior Notes due October 1, 2030, including $150M option exercise.
- Notes exchangeable into BXP common stock at initial exchange rate of 10.8180 shares per $1,000 principal (approx. $92.44 per share).
- Net proceeds used to fund capped call transactions and repay $1.0B of 3.65% senior notes maturing February 2026.
- Capped call transactions entered to reduce potential dilution with initial cap price of $105.644 per share.
- Interest payable semi-annually at 2.00%; settlement in cash up to principal plus cash/shares for excess exchange value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000103754025000004/0001037540-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000103754025000004/bxp-20250924.htm
  HTML page:      https://secwatch.observer/filing/0001037540-25-000004

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