BOSTON, Dec. 22 /PRNewswire/ -- Boston Properties (NYSE: BXP), a
self-managed and self-advised real estate investment trust (REIT), announced
today that it has filed a shelf registration statement with the Securities and
Exchange Commission covering up to an aggregate of $1.5 billion of common
stock, preferred stock and warrants.
The securities covered by the shelf registration statement may be offered
in the future separately or together, in amounts and at prices to be
determined in the future. Net proceeds will be used for general corporate
purposes, including, without limitation, repayment of debt, maintenance and
development of currently owned properties, and acquisition and development of
new properties.
Edward H. Linde, President and CEO, commented, "The filing of this
'universal' shelf registration statement is designed to give us the
flexibility to launch registered offerings of equity securities quickly if and
when the Company's circumstances and market conditions warrant. Neither the
filing itself nor the amount of securities registered should be interpreted as
an indication that we are currently contemplating a public offering of any
specific equity securities in a particular amount."
Boston Properties, Inc. is a fully integrated, self-administered and
self-managed real estate investment trust that develops, redevelops, acquires,
manages, operates and owns a diverse portfolio of office, industrial and hotel
properties predominantly located in Greater Boston, Midtown Manhattan, Greater
Washington, D.C.; San Francisco, Calif.; Princeton/East Brunswick, N.J.;
Richmond, Va. and Baltimore, Md. The Company is one of the largest owners and
developers of office properties in the United States.
To receive Boston Properties' latest news and corporate developments via
fax at no cost, please call 800-PRO-INFO; use company code BXP. Visit the
Company's web site at http://www.bostonproperties.com. Also see
http://www.frbinc.com.
The shelf registration statement has been filed with the Securities and
Exchange Commission but has not yet become effective. The securities covered
by the registration statement may not be sold, nor may offers to buy be
accepted, prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the securities described above, nor shall there be any sale
of these securities in any state in which such offer, solicitation or sale of
these securities would be unlawful prior to registration or qualification
under the securities laws of any such state.
SOURCE Boston Properties, Inc.
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Related links:
http://www.bostonproperties.com
Related links:
http://www.frbinc.com
CONTACT:
Edward H. Linde, President, CEO & Director,
or David G. Gaw, SVP & CFO, 617-859-2600, both of Boston
Properties, Inc.; or General, Marianne Stewart, 212-661-8030,
Analysts, Claire Koeneman, 312-266-7800, or Media, Judith
Sylk-Siegel, 212-661-8030, all of The Financial Relations Board
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