05:55 PM EDT, 08/15/2024 (MT Newswires) -- BXP (BXP) said Thursday its Boston Properties unit has agreed to sell $850 million of 5.75% senior unsecured notes due 2035 in an underwritten public offering.

The notes were priced at 99.961% of the principal amount to yield 5.756% to maturity, the firm said.

Boston Properties plans to use the proceeds for debt repayment, the company said. It expects to close the offering Aug. 26.

Price: 69.99, Change: +0.36, Percent Change: +0.52