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Brandywine Realty Trust Announces Closing of $300 Million Offering of 6.125% Guaranteed Notes Due 2031
Globenewswire· 2025-10-03 14:56
Core Viewpoint - Brandywine Realty Trust has successfully closed a public offering of $300 million in guaranteed notes with a 6.125% interest rate, maturing in 2031, to manage its debt obligations and support general corporate purposes [1][2]. Group 1: Offering Details - The operating partnership, Brandywine Operating Partnership, L.P., completed the underwritten public offering of $300 million in notes [1]. - The proceeds from the offering will be utilized to repay consolidated secured debt and for general corporate purposes, which may include the repayment or retirement of other indebtedness [2]. Group 2: Company Overview - Brandywine Realty Trust is a major publicly traded real estate investment trust (REIT) focused on urban, town center, and transit-oriented properties, primarily in Philadelphia, PA, and Austin, TX [4]. - As of June 30, 2025, the company owns and manages a portfolio of 122 properties totaling 19.0 million square feet [4].
Brandywine Realty Trust Prices $300 Million of 6.125% Guaranteed Notes Due 2031
Globenewswire· 2025-09-29 22:09
Core Viewpoint - Brandywine Realty Trust has announced a public offering of $300 million in 6.125% guaranteed notes due 2031, with interest payments starting January 15, 2026 [1][2]. Offering Details - The notes are being offered at 100% of their principal amount, plus accrued interest from October 3, 2025, with the sale expected to close on the same date [2]. - The net proceeds from the offering are anticipated to be approximately $296.3 million, which will be used to repay consolidated secured debt and for general corporate purposes [3]. Management and Underwriting - The joint book-running managers for the offering include BofA Securities, Citigroup Global Markets, Truist Securities, Wells Fargo Securities, and others [4]. - Co-managers for the offering are Samuel A. Ramirez & Company and Synovus Securities [4]. Company Overview - Brandywine Realty Trust is a major publicly traded real estate investment trust (REIT) focused on owning, developing, leasing, and managing properties, primarily in Philadelphia, PA, and Austin, TX, with a portfolio of 122 properties totaling 19.0 million square feet as of June 30, 2025 [7].