BioMed Realty Announces Repurchase at Option of Holders and Redemption of 4.50% Exchangeable Senior Notes Due 2026

BioMed Realty Trust, Inc. BMR announced today that holders of the 4.50% Exchangeable Senior Notes due 2026 of its operating partnership, BioMed Realty, L.P., which are fully and unconditionally guaranteed by the Company, have the right to surrender their Notes for purchase by the Operating Partnership pursuant to their option under the Indenture governing the Notes, dated as of September 25, 2006. The Put Option entitles each holder of the Notes to require the Operating Partnership to purchase all or any part of such holder's Notes at a purchase price equal to 100% of the principal amount of the Notes on October 1, 2011. Unless the Operating Partnership defaults in making payment of the Repurchase Price, interest on the Notes repurchased will cease to accrue on and after the Repurchase Date.