Boston Properties files $2 bln mixed shelf

mercoledì 12 novembre 2008 22:47

Nov 12 (Reuters) - Real estate investment trust Boston Properties Inc (BXP.N: Quotazione) said it may periodically sell up to $2 billion in debt securities, common and preferred stock, warrants, depositary shares and contracts.

The company said it intends to use the proceeds for buying and developing properties, to repay debt, for capital expenditures and working capital.

Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Suzannah Benjamin in Bangalore; Editing by Sayantani Ghosh)