0001193125-17-361609.txt : 20171205 0001193125-17-361609.hdr.sgml : 20171205 20171205162902 ACCESSION NUMBER: 0001193125-17-361609 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171205 DATE AS OF CHANGE: 20171205 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DUKE REALTY LIMITED PARTNERSHIP/ CENTRAL INDEX KEY: 0001003410 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 351898425 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-203744-01 FILM NUMBER: 171240012 BUSINESS ADDRESS: STREET 1: 600 EAST 96TH STREET STREET 2: SUITE 100 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 BUSINESS PHONE: 3178086000 MAIL ADDRESS: STREET 1: 600 EAST 96TH STREET STREET 2: SUITE 100 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 FORMER COMPANY: FORMER CONFORMED NAME: DUKE WEEKS REALTY LIMITED PARTNERSHIP DATE OF NAME CHANGE: 19990716 FORMER COMPANY: FORMER CONFORMED NAME: DUKE REALTY LIMITED PARTNERSHIP DATE OF NAME CHANGE: 19951114 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DUKE REALTY LIMITED PARTNERSHIP/ CENTRAL INDEX KEY: 0001003410 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 351898425 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 600 EAST 96TH STREET STREET 2: SUITE 100 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 BUSINESS PHONE: 3178086000 MAIL ADDRESS: STREET 1: 600 EAST 96TH STREET STREET 2: SUITE 100 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 FORMER COMPANY: FORMER CONFORMED NAME: DUKE WEEKS REALTY LIMITED PARTNERSHIP DATE OF NAME CHANGE: 19990716 FORMER COMPANY: FORMER CONFORMED NAME: DUKE REALTY LIMITED PARTNERSHIP DATE OF NAME CHANGE: 19951114 FWP 1 d507079dfwp.htm FWP FWP

Issuer Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-203744-01

December 5, 2017

Duke Realty Limited Partnership

Pricing Term Sheet

$300,000,000 3.375% Senior Notes due 2027

This pricing term sheet is qualified in its entirety by reference to the Issuer’s preliminary prospectus supplement dated December 5, 2017 and the accompanying prospectus (together, the “Preliminary Prospectus”). The information in this pricing term sheet supplements the Preliminary Prospectus and updates and supersedes the information in the Preliminary Prospectus to the extent it is inconsistent with the information in the Preliminary Prospectus. Capitalized terms used and not defined herein have the meanings assigned to them in the Preliminary Prospectus.

3.375% Senior Notes due 2027

 

Issuer:    Duke Realty Limited Partnership
Title of Security:    3.375% Senior Notes due 2027
Ranking:    Senior unsecured notes
Size:    $300,000,000
Gross Proceeds:    $299,544,000
Net Proceeds (before expenses):    $297,594,000
Maturity:    December 15, 2027
Coupon:    3.375%
Public Offering Price:    99.848%, plus accrued and unpaid interest from December 12, 2017
Yield to Maturity:    3.393%
Spread to Benchmark Treasury:    +103 basis points
Benchmark Treasury:    2.250% due November 15, 2027
Benchmark Treasury Price / Yield:    99-00 / 2.363%

Interest Payment Dates:    June 15 and December 15, beginning June 15, 2018
Optional Redemption:    Prior to September 15, 2027 at the Make-Whole Amount of Treasury plus 20 bps. On or after September 15, 2027 the notes will not include a Make-Whole Amount
Trade Date:    December 5, 2017
Settlement Date:    T+5; December 12, 2017
Distribution:    SEC registered
CUSIP:    26441Y BA4
ISIN:    US26441YBA47
Denominations/Multiple:    $2,000 x $1,000
Joint Bookrunners:    Barclays Capital Inc.
   Citigroup Global Markets Inc.
   RBC Capital Markets, LLC
   U.S. Bancorp Investments, Inc.
   Jefferies LLC
   SunTrust Robinson Humphrey, Inc.
Co-Managers:    BB&T Capital Markets, a division of BB&T Securities, LLC
   J.P. Morgan Securities LLC
   Morgan Stanley & Co. LLC
   Regions Securities LLC
   Samuel A. Ramirez & Company, Inc.
   Scotia Capital (USA) Inc.
   UBS Securities LLC
   Wells Fargo Securities, LLC
Use of Proceeds:    The company will use the net proceeds from the offering to fund development and for general corporate purposes, and may use a portion of the proceeds to repay borrowings under its revolving credit facility.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling:

 

Barclays Capital Inc.    1-888-603-5847 (toll free)
Citigroup Global Markets Inc.    1-800-831-9146 (toll free)
RBC Capital Markets, LLC    1-866-375-6829 (toll free)
U.S. Bancorp Investments, Inc.    1-877-558-2607 (toll free)
Jefferies LLC    1-877-877-0696 (toll free)
SunTrust Robinson Humphrey, Inc.    1-800-685-4786 (toll free)

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.