Duke Realty
Corporation DRE, a leading industrial, office and medical
office REIT, announced today that its operating partnership, Duke
Realty Limited Partnership (the "Operating Partnership"), has priced
an underwritten public offering of $300 million of 4.375% senior
unsecured notes due June 15, 2022. The notes were priced at 99.271%
of their face amount to yield 4.466% to maturity. The Operating
Partnership intends to use the net proceeds to repay outstanding
indebtedness with near-term maturities, including all or a portion of
outstanding borrowings under the Operating Partnership's existing
revolving credit facility, and for other general corporate purposes.
The offering is expected to close on June 11, 2012.
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