Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-181030-01
November 12, 2014
$300,000,000
3.750% Senior Notes due December 1, 2024
Issuer: | Duke Realty Limited Partnership | |
Ratings (Moody’s / S&P)*: | Baa2/BBB (stable/stable) | |
Securities: | Senior unsecured notes | |
Format: | SEC registered | |
Principal Amount: | $300,000,000 | |
Trade Date: | November 12, 2014 | |
Settlement Date: | November 17, 2014 (T+3) | |
Maturity Date: | December 1, 2024 | |
Interest Payment Dates: | June 1 and December 1, beginning June 1, 2015 | |
Benchmark Treasury: | 2.375% due August 15, 2024 | |
Benchmark Treasury Price / Yield: | 100-02+ / 2.366% | |
Spread to Benchmark Treasury: | +153 bps | |
Yield to Maturity: | 3.896% | |
Coupon: | 3.750% per annum (payable semi-annually) | |
Price to Public: | 98.795% | |
Optional Redemption: | Prior to September 1, 2024 at the Make-Whole Amount of Treasury plus 25 bps. On or after September 1, 2024, the notes will not include a Make-Whole Amount | |
CUSIP/ ISIN: | 26441Y AY3 / US26441YAY32 | |
Joint Book-Running Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. RBC Capital Markets, LLC U.S. Bancorp Investments, Inc. Regions Securities LLC |
Co-Managers: | Wells Fargo Securities, LLC J.P. Morgan Securities LLC Morgan Stanley & Co. LLC UBS Securities LLC Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. PNC Capital Markets LLC BB&T Capital Markets, a division of BB&T Securities, LLC |
* | Note: Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security. |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (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 atwww.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. toll-free at 1-888-603-5847; Citigroup Global Markets Inc. toll-free at 1-800-831-9146; RBC Capital Markets, LLC toll-free at 1-866-375-6829; U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607; or Regions Securities LLC at 404-279-7400.