Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus. The Operating Partnership intends to use the net proceeds of the offering, together with cash on hand, to repay all or a portion of its 3.750% notes due February 2024, at or prior to their maturity on February 1, 2024, its 2.00% notes due September 2024, at or prior to their maturity on September 13, 2024, and its 3.375% notes due October 2024, at or prior to their maturity on October 1, 2024, and to use any remaining net proceeds for general corporate purposes, including to repay other unsecured indebtedness.īofA Securities, SOCIETE GENERALE, SMBC Nikko and Wells Fargo Securities are serving as joint book-running managers of the public offering, which is being conducted under the Operating Partnership's shelf registration statement filed with the Securities and Exchange Commission. The offering is expected to close on November 9, 2023, subject to customary closing conditions. $500 million aggregate principal amount of its 6.650% Notes due 2054.Ĭombined, the two new issues of senior notes have a weighted average term of 20.2 years and a weighted average coupon rate of 6.450%.$500 million aggregate principal amount of its 6.250% Notes due 2034, and.
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