BXP · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
BXP, Inc. · 2026-08-06 · Importance 61 · Surprise 32 · In source text
Consolidated debt totaled $15.6 billion at June 30, 2026, down from $15.8 billion at June 30, 2025, after BPLP repaid $1.0 billion of 3.650% unsecured senior notes at maturity on February 1, 2026. BXP also had $1.0 billion of 2.000% unsecured exchangeable senior notes outstanding, $750.0 million of commercial paper and $800.0 million of unsecured term loans. Debt represented 57.03% of consolidated market capitalization, while BXP’s share of debt was $15.4 billion and represented 56.61% of BXP’s share of market capitalization.
Key facts
- The mortgage note on 767 Fifth Avenue (the General Motors Building) (60% ownership) had a stated interest rate of 3.43% and a principal amount of $2,300,000 with a maturity date of June 9, 2027. source
- At June 30, 2026, variable rate debt consisted of: $100.0 million outstanding under the 2024 Unsecured Term Loan, $700.0 million outstanding under the 2025 Credit Facility, and $750.0 million outstanding under the Commercial Paper Program. source
- Total principal amount of unsecured senior notes was $8,850,000 at June 30, 2026 and $9,850,000 at June 30, 2025. source
- Cash used in financing activities for the six months ended June 30, 2026 totaled approximately $1.3 billion and consisted primarily of the repayment of BPLP’s $1.0 billion in aggregate principal amount of its 3.650% unsecured senior notes due February 1, 2026 and the payment of our regular dividends and distributions. source
- Total principal amount of mortgage notes listed was $4,295,912 at June 30, 2026. source
- Carrying amount of Total Consolidated Debt was $15,618,563 at June 30, 2026 and $15,811,005 at June 30, 2025. source
- Consolidated Debt was $15,618,563 and BXP’s Share of Debt was $15,355,350 as of June 30, 2026. source
- The unsecured line of credit bears interest at a variable rate of SOFR+0.85% per annum and has a maturity date of March 29, 2030. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -5.2% | Cash used in financing activities for the six months ended June 30, 2026 totaled approximately $1.3 billion and consisted primarily of the… |
| liability | negative | realized | -3.0% | At June 30, 2026, variable rate debt consisted of: $100.0 million outstanding under the 2024 Unsecured Term Loan, $700.0 million… |
| liability | negative | realized | -2.8% | At June 30, 2026, variable rate debt consisted of: $100.0 million outstanding under the 2024 Unsecured Term Loan, $700.0 million… |
| liability | positive | realized | +0.8% | Carrying amount of Total Consolidated Debt was $15,618,563 at June 30, 2026 and $15,811,005 at June 30, 2025. |
| liability | negative | realized | — | Consolidated Debt was $15,618,563 and BXP’s Share of Debt was $15,355,350 as of June 30, 2026. |