Boston Properties to redeem near-term maturities with new deal funds

By Melissa Kory

Cleveland, Nov. 8 - Boston Properties LP announced that it will repay, redeem or repurchase some of its outstanding debt, including its 6.25% senior notes due 2013 or other debt securities with near-term maturities, using the proceeds from its prospective offering of senior notes due 2021.

Boston Properties will record a loss on extinguishment of debt for the period of redemption or repurchase.

Remaining proceeds from the offering will be used for general corporate purposes, which may include investment opportunities.

The real estate investment trust for office properties is based in Boston.

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