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Published on 6/22/2020 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Duke Realty offers cash tender for any and all 3.875% notes due 2022

Chicago, June 22 – Duke Realty LP started a five-day cash tender offer for any and all of its $300 million principal amount outstanding of its 3.875% senior notes due 2022 (Cusip: 26441YAW7), according to an offer to purchase note.

The tender offer consideration is $1,065 per $1,000 face amount of notes.

The offer will expire at 5 p.m. ET on June 26.

Payment is expected for June 29.

Notes tendered via guaranteed delivery procedures must be tendered no later than 5 p.m. ET on June 30.

The offer is being made in connection with a proposed offering of new notes.

Citigroup Global Markets Inc. (212 723-6106, 800 558-3745) and J.P. Morgan Securities LLC (212 834-2042, 800 834-4666) are the dealer managers for the offer.

D.F. King & Co., Inc. (212 269-5550, 800 581-3783, dre@dfking.com, fax: 212 709-3328, Attn: Andrew Beck) is the tender and information agent.

Duke Realty LP is the operating partnership of Indianapolis-based Duke Realty Corp., which owns and operates industrial and health care properties.


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