07:44 AM EDT, 09/24/2025 (MT Newswires) -- BXP (BXP) said Wednesday that it plans to offer $600 million of exchangeable senior notes due 2030 through its operating partnership, Boston Properties Limited Partnership.

The offering is targeted at institutional buyers, with BPLP offering initial buyers a 13-day option to purchase up to an additional $90 million of notes, the company said.

Net proceeds will primarily be used to repay its $1 billion 2026 senior notes and fund the cost of capped call transactions, with the remaining proceeds supporting general corporate purposes, BXP said.

The notes, maturing in 2030, will feature an exchangeable option, and holders may redeem them in certain circumstances, the company said.