-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U/i9yIdI1dSo/D8bh/4N0Z/w3hfGdVEhftLF3lSNN/o+peyxW6x/BsskyjVx8rg1 ssXLvIQWweakDuMUcSNDgQ== 0001104659-06-016456.txt : 20060314 0001104659-06-016456.hdr.sgml : 20060314 20060314151619 ACCESSION NUMBER: 0001104659-06-016456 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060314 DATE AS OF CHANGE: 20060314 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HRPT PROPERTIES TRUST CENTRAL INDEX KEY: 0000803649 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 046558834 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-114285 FILM NUMBER: 06684791 BUSINESS ADDRESS: STREET 1: 400 CENTRE ST CITY: NEWTON STATE: MA ZIP: 02458 BUSINESS PHONE: 6177968350 MAIL ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH & RETIREMENT PROPERTIES TRUST DATE OF NAME CHANGE: 19940811 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH & REHABILITATION PROPERTIES TRUST DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HRPT PROPERTIES TRUST CENTRAL INDEX KEY: 0000803649 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 046558834 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 400 CENTRE ST CITY: NEWTON STATE: MA ZIP: 02458 BUSINESS PHONE: 6177968350 MAIL ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH & RETIREMENT PROPERTIES TRUST DATE OF NAME CHANGE: 19940811 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH & REHABILITATION PROPERTIES TRUST DATE OF NAME CHANGE: 19920703 FWP 1 a06-6922_2fwp.htm FILING UNDER SECURITIES ACT RULES 163/433 OF FREE WRITING PROSPECTUSES

Issuer Free Writing Prospectus, dated March 13, 2006

Filed by: HRPT Properties Trust

Pursuant to Rule 433 of the Securities Act of 1933

 

Registration Statement No. 333-114285

 

HRPT Properties Trust

 

This information supplements the information contained in the
preliminary prospectus supplement dated March 13, 2006 to Prospectus dated June 28, 2004.

 

Floating Rate Senior Notes due 2011

 

Issuer:

 

HRPT Properties Trust

 

 

 

Type of Offering:

 

SEC Registered

 

 

 

Ranking:

 

Senior Unsecured

 

 

 

Principal Amount:

 

$400,000,000

 

 

 

Maturity Date:

 

March 16, 2011

 

 

 

Trade Date:

 

March 13, 2006

 

 

 

Settlement Date:

 

March 16, 2006

 

 

 

Interest Accrual Date:

 

March 16, 2006

 

 

 

Public Offering Price:

 

100%

 

 

 

Underwriting Discount

 

.30%

 

 

 

Base Rate:

 

3-Month LIBOR

 

 

 

Spread:

 

Plus .60%

 

 

 

Interest Payment Period

 

Quarterly

 

 

 

Interest Payment Dates:

 

Each March 16, June 16, September 16 and December 16, commencing June 16

 

 

 

Interest Reset Period:

 

Quarterly

 

 

 

Interest Reset Dates

 

Each March 16, June 16, September 16 and December 16

 

 

 

Initial Interest Reset Date:

 

June 16, 2006

 

 

 

Interest Determination Dates:

 

The second London Business Day prior to each interest reset date

 

 

 

Day Count Convention:

 

Actual/360

 

 

 

Optional Redemption:

 

Redeemable on any interest payment date on or after September 16, 2006

 

 

 

Expected Ratings:

 

Baa2 / BBB

 

 

 

Use of Proceeds:

 

HRPT Properties Trust presently expects to use the net proceeds from the offering to prepay its $350 million bank term loan and to reduce amounts outstanding under its credit facility. HRPT

 


 

 

 

Properties Trust’s bank term loan bears interest at LIBOR plus a spread, currently 5.47% per annum.

 

 

 

Recent Development:

 

On March 13, 2006, HRPT Properties Trust borrowed an additional $145 million under its $750 million revolving credit facility, bringing the outstanding balance to approximately $562 million. HRPT Properties Trust intends to use the $145 million drawn under the credit facility to fund the acquisition of a portfolio of properties located in upstate New York for a purchase price of approximately $150 million. This pending acquisition was previously disclosed in the preliminary prospectus supplement dated March 13, 2006 under the caption “Recent Developments—Investments,” as being the subject of an executed purchase agreement between HRPT Properties Trust and a third-party. HRPT Properties Trust is currently a party to executed purchase agreements for two portfolios of properties (including the portfolio described in the preceding sentence) with an aggregate purchase price of $174.9 million.

 

 

 

Joint Book-Running Managers:

 

RBC Capital Markets and Wachovia Securities

 

 

 

Co-Lead Managers:

 

Merrill Lynch & Co. and UBS Investment Bank

 

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 Web site 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 212-858-7232.

 

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