debt
confidence high
sentiment neutral
materiality 0.50
BXP issues $850M of 5.750% Senior Notes due 2035 to refinance debt
BXP, Inc.
- Issued $850M aggregate principal of 5.750% Senior Notes due 2035.
- Net proceeds ~$841.9M after underwriting discounts and transaction expenses.
- Proceeds to repay debt, likely redeeming $850M 3.200% notes maturing Jan 2025.
- Notes issued under indenture with The Bank of New York Mellon Trust as trustee.
- Underwriters include J.P. Morgan, Morgan Stanley, PNC, TD, Truist, Wells Fargo.