INDIANAPOLIS, Nov. 01, 2021 (GLOBE NEWSWIRE) — Duke Realty Corporation (NYSE: DRE), a leading industrial property REIT, announced today that its operating partnership, Duke Realty Limited Partnership (the “Operating Partnership”), has priced an underwritten public offering of $500 million of its 2.250% senior unsecured notes due January 15, 2032. The notes were priced at 98.823% of their face amount to yield 2.381% to maturity. The offering is expected to close on November 10, 2021, subject to the satisfaction of customary closing conditions.
The Operating Partnership intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, one or more recently completed or future “Eligible Green Projects,” which may include certain “green buildings,” energy efficiency projects, sustainable water and wastewater management systems, renewable energy systems, clean transportation solutions, and pollution prevention and control.
J.P. Morgan Securities LLC acted as Green Structuring Agent to the issuer and joint book-running manager. Citigroup Global Markets Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., and Truist Securities, Inc. acted as joint book-running managers. Barclays Capital Inc., Ramirez & Co., Inc., RBC Capital Markets, LLC, Regions Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC acted as co-managers. As Green Structuring Agent to the issuer, J.P. Morgan…
