BXP

Boston Properties Limited Partnership has placed $700 million of senior unsecured notes maturing in 2036 with a coupon of 6.050% at an issue price of 99.837% (yield to maturity 6.070%). The closing is expected on August 31, 2026; the estimated net proceeds of about $692.4 million will be used to partially refinance the $1.0 billion of 2026 notes maturing October 1, 2026. The partnership will cover the remainder from cash on hand and its revolving credit facility; several major banks are acting as joint bookrunners. » More on de.investing.com

BXP has closed a $1.2 billion construction loan for the 46-story office tower 343 Madison Avenue in Midtown Manhattan. The initial term is four years with a one‑year extension; the rate starts at Term SOFR plus 2.50% and can step down to Term SOFR plus 2.25% upon meeting leasing and construction milestones. The project comprises about 930,000 square feet, is roughly 50% pre-leased and is slated for completion in late 2029. Wells Fargo is serving as administrative agent, BofA, BNY Mellon and JPMorgan are joint lead arrangers; the building is planned to be all‑electric and aims for multiple sustainability certifications. » More on de.investing.com

BXP has declared a quarterly cash dividend of $0.70 per common share for the period April 1 to June 30, 2026. The payment will be made on July 31, 2026 to shareholders of record at the close of business on June 30, 2026 and corresponds to a dividend yield of 4.44%. The company has paid dividends for 30 consecutive years and is a large publicly listed developer, owner and manager of office properties in the US. » More on de.investing.com