FWP 1 e25840fwfwp.htm FWP FOR LIBERTY PROPERTY LIMITED PARTNERSHIP fwp
 

Filed Pursuant to Rule 433
Dated December 13, 2006
Registration Statements
No. 333-125571
No. 333-120692
Liberty Property Limited Partnership
$300,000,000 5.500% Senior Notes due 2016
This information supplements the information contained in the
preliminary prospectus supplement dated December 13, 2006 to Prospectus dated July 11, 2005.
     
Issuer:
   Liberty Property Limited Partnership
 
    
Type of Offering:
   SEC Registered
 
    
Ranking:
   Senior Unsecured
 
    
Principal Amount:
   $300,000,000
 
    
Maturity Date:
   December 15, 2016
 
    
Trade Date:
   December 13, 2006
 
    
Settlement Date:
   T + 3, December 18, 2006
 
    
Benchmark Treasury:
   4.625% November 15, 2016
 
    
Treasury Yield:
   4.575%
 
    
Spread to Benchmark Treasury:
   + 102 bps
 
    
Interest Accrual Date:
   December 18, 2006
 
    
Public Offering Price:
   99.281%
 
    
Underwriting Discount
   0.65%
 
    
Coupon:
   5.500%
 
    
Yield to Maturity:
   5.595%
 
    
Interest Payment Dates:
   Each June 15 and December 15, commencing June 15, 2007
 
    
Optional Redemption:
   Make-whole call @ T + 15 bps
 
    
CUSIP
   53117CAK8
 
    
Ratings:
   Baa2 / BBB / BBB+
 
    
Joint Book-Running Managers:
   Banc of America Securities LLC, Goldman, Sachs & Co.,
 
   J.P. Morgan Securities Inc.
 
    
Co-Lead Managers:
   Citigroup Global Markets Inc., Credit Suisse
 
   Securities (USA) LLC, Morgan Stanley & Co.
 
   Incorporated, UBS Securities LLC, Wachovia Capital
 
   Markets, LLC

 

 

         
Allocation:
  Principal Amount
 
        
Banc of America Securities LLC
    90,000,000  
 
        
Goldman, Sachs & Co.
    90,000,000  
 
        
J.P. Morgan Securities Inc.
    90,000,000  
 
        
Citigroup Global Markets Inc.
    6,000,000  
 
        
Credit Suisse Securities (USA) LLC
    6,000,000  
 
        
Morgan Stanley & Co. Incorporated
    6,000,000  
 
        
UBS Securities LLC
    6,000,000  
 
        
Wachovia Capital Markets, LLC
    6,000,000  
 
       
Total
  $ 300,000,000  
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 JPMorgan collect at 1-212-834-4533.