Boston Properties files new $600M ATM equity program, replaces expiring shelf

BXP, Inc.

New $600M 'at the market' equity offering program replaces prior $600M program expiring May 22, 2023.
Program has a 3-year term; shares sold via 13 sales agents including BofA, Citi, J.P. Morgan, Morgan Stanley.
May also engage forward sale transactions with separate forward purchasers to borrow and sell shares.
Per-agency commission capped at 2.0% of gross sales price; forward sale commission similarly capped at 2.0%.
Also filed new automatic shelf for Dividend Reinvestment and Stock Purchase Plan replacing expiring one.

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