Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, announced today that its operating partnership, Boston Properties Limited Partnership, issued a notice to redeem in full the $850.0 million in aggregate principal amount of its 4.125% Senior Notes due 2021 (the “Notes”) at a redemption price equal to par plus accrued and unpaid interest to the redemption date.

The Notes will be redeemed in full on February 14, 2021 (the “Redemption Date”). The aggregate redemption price for the Notes will be approximately $858.7 million, including approximately $8.7 million of accrued and unpaid interest to the Redemption Date. Boston Properties intends to use available cash to redeem the Notes.

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company’s portfolio totals 51.2 million square feet and 196 properties, including seven properties under construction. For more information about Boston Properties, please visit our website at www.bxp.com.

Source: Boston Properties

• Boston Properties, Inc.