Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
dated June 18, 2007
Registration No. 333-135110
HRPT PROPERTIES TRUST
This information supplements the information contained in the preliminary
prospectus
supplement dated June 18, 2007 to prospectus dated June 19, 2006.
Pricing Term Sheet
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Size: |
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$250,000,000 |
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Coupon (Interest Rate): |
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6.25% per annum |
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|
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Security: |
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6.25% Senior Notes due 2017 |
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Interest Payment Dates: |
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June 15 and December 15, commencing December 15, 2007 |
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Maturity: |
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June 15, 2017 |
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Price to Public: |
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99.790% of principal amount, plus accrued interest, if any, from the date of original issuance |
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Trade Date: |
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June 18, 2007 |
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|
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Settlement Date: |
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T+5; June 25, 2007 |
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|
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Net Proceeds: |
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$247,850,000 (before expenses associated with the transaction) |
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|
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Redemption Provision: |
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Make-whole call at any time based on U.S. Treasury plus 0.20% (twenty one-hundredths of one percent). If the notes are redeemed on or after December 15, 2016, the redemption price will not include a make-whole amount. |
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Yield to maturity: |
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6.279% |
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Spread to Benchmark Treasury: |
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112 basis points |
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|
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Benchmark Treasury: |
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U.S. Treasury 4.50% due May 2017 |
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|
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Benchmark Treasury Price and Yield: |
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94-30; 5.159% |
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Expected Ratings (Moody’s / S&P): |
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Baa2 (stable) / BBB (stable) |
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CUSIP: |
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40426WAU5 |
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Joint Book-Running Managers: |
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Wachovia Capital Markets, LLC |
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$75,012,000 |
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|
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Banc of America Securities LLC |
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$37,500,000 |
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|
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RBC Capital Markets Corporation |
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$37,500,000 |
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Joint Lead Managers: |
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Merrill Lynch, Pierce, Fenner & Smith |
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$17,500,000 |
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Incorporated |
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Morgan Stanley & Co. Incorporated |
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$17,500,000 |
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UBS Securities LLC |
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$17,500,000 |
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Co-Managers: |
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BMO Capital Markets Corp. |
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$3,392,000 |
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BNY Capital Markets, Inc. |
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$3,392,000 |
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|
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Calyon Securities (USA) Inc. |
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$3,392,000 |
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|
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Comerica Securities, Inc. |
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$3,392,000 |
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|
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Ferris, Baker Watts, Incorporated |
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$3,392,000 |
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Greenwich Capital Markets, Inc. |
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$3,392,000 |
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Janney Montgomery Scott LLC |
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$3,392,000 |
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Morgan Keegan & Company, Inc. |
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$3,392,000 |
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Oppenheimer & Co. Inc. |
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$3,392,000 |
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Piper Jaffray & Co. |
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$3,392,000 |
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|
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PNC Capital Markets LLC |
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$3,392,000 |
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SG Americas Securities, LLC |
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$3,392,000 |
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Stifel, Nicolaus & Company, Incorporated |
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$3,392,000 |
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|
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SunTrust Capital Markets, Inc. |
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$3,392,000 |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement 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 or any underwriter participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it by contacting Wachovia Capital Markets, LLC 1525 W. WT Harris Blvd, Mail Code NC0675, Charlotte, NC 28262 - telephone (866) 289-1262 or syndicate.ops@wachovia.com.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.