Boston Properties Files 8-K for Other Events

TL;DR

BXP filed an 8-K on 8/26 for other events and exhibits.

AI Summary

Boston Properties, Inc. (BXP) filed an 8-K on August 26, 2024, to report other events and file financial statements and exhibits. The filing pertains to Boston Properties Limited Partnership, with its principal executive offices located at 800 Boylston Street, Suite 1900, Boston, MA 02199.

Why It Matters

This 8-K filing indicates that Boston Properties, Inc. is providing updates on its corporate activities and submitting necessary financial documentation to the SEC.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate events and financial statements, not indicating any immediate financial distress or significant operational changes.

Key Players & Entities

• BXP, Inc. (company) — Filer
• Boston Properties Limited Partnership (company) — Related Entity
• 800 Boylston Street, Suite 1900, Boston, MA 02199 (location) — Principal Executive Offices
• 20240826 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — ered BXP, Inc. Common Stock, par value $0.01 per share BXP New York Stock Exchange
• $850.0 million — y"), completed the issuance and sale of $850.0 million aggregate principal amount of the Partn
• $841.9 million — nses, are estimated to be approximately $841.9 million. The Partnership intends to use the net

Filing Documents

• bxp-20240826.htm (8-K) — 43KB
• exhibit11underwritingagree.htm (EX-1.1) — 180KB
• exhibit41supplementalinden.htm (EX-4.1) — 222KB
• exhibit51gpopinion.htm (EX-5.1) — 19KB
• 0001656423-24-000049.txt ( ) — 711KB
• bxp-20240826.xsd (EX-101.SCH) — 3KB
• bxp-20240826_def.xml (EX-101.DEF) — 17KB
• bxp-20240826_lab.xml (EX-101.LAB) — 29KB
• bxp-20240826_pre.xml (EX-101.PRE) — 17KB
• bxp-20240826_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On August 26, 2024, Boston Properties Limited Partnership (the "Partnership"), the operating partnership of BXP, Inc. (the "Company"), completed the issuance and sale of $850.0 million aggregate principal amount of the Partnership's 5.750% Senior Notes due 2035 (the "Notes") pursuant to an underwriting agreement dated August 15, 2024 (the "Underwriting Agreement"), by and among the Partnership and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as managers of the several underwriters named in Schedule II thereto (the "Underwriters"), whereby the Partnership agreed to sell and the Underwriters agreed to purchase from the Partnership, subject to and upon the terms and conditions set forth in the Underwriting Agreement, the Notes. The net proceeds to the Partnership from the sale of the Notes, after deducting underwriting discounts and estimated transaction expenses, are estimated to be approximately $841.9 million. The Partnership intends to use the net proceeds from the offering for the repayment of debt, which may include funding all or a portion of the redemption of the $850.0 million aggregate principal amount of the Partnership's 3.200% Senior Notes due 2025 that are scheduled to mature on January 15, 2025. Pending such use, the Partnership may invest the net proceeds in short-term, interest-bearing deposit accounts. The Notes were issued under the indenture, dated as of December 13, 2002, between the Partnership and The Bank of New York Mellon Trust Company, N.A. (as successor to The Bank of New York Mellon, formerly known as The Bank of New York), as supplemented by Supplemental Indenture No. 26 ("Supplemental Indenture No. 26") dated as of August 26, 2024. The offer and sale of the Notes were registered with the Securities and Exchange Commission (the "Commission") pursuant to a registration statement on Form S-3 (Fi

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description *1.1 Underwriting Agreement, dated August 15, 2024, by and among Boston Properties Limited Partnership and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as managers of the several underwriters named in Schedule II thereto. *4.1 Supplemental Indenture No. 2 6 , dated as of August 26, 2024 , between Boston Properties Limited Partnership and The Bank of New York Mellon Trust Company, N.A., as Trustee. *4.2 Form of 5.750 % Senior Notes due 203 5 (attached as Exhibit A to Supplemental Indenture No. 2 6 filed as Exhibit 4.1 hereto). *5.1 Opinion of Goodwin Procter LLP as to the legality of the securities being registered. *23.1 Consent of Goodwin Procter LLP (contained in its opinion filed as Exhibit 5.1 and incorporated herein by reference). *101.SCH Inline XBRL Taxonomy Extension Schema Document. *101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document. *101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. *101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. *104 Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101.*). ______________ * Filed herewith.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. BXP, INC. By: /s/ MICHAEL E. LABELLE Michael E. LaBelle Executive Vice President, Chief Financial Officer and Treasurer BOSTON PROPERTIES LIMITED PARTNERSHIP By: BXP, Inc., its General Partner By: /s/ MICHAEL E. LABELLE Michael E. LaBelle Executive Vice President, Chief Financial Officer and Treasurer Date: August 26, 2024