08:15 AM EDT, 09/25/2025 (MT Newswires) -- BXP (BXP) said Thursday that its Boston Properties Limited Partnership has priced an $850 million exchangeable senior notes offering, upsized from a previously announced $600 million.

Initial buyers of the notes have a 13-day option to purchase up to an additional $150 million of notes, the company said.

The notes will accrue interest at 2% per annum and mature on Oct. 1, 2030.

The offering is expected to close on Sept. 29.

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