8.875% Guaranteed Notes Due 2029
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Brandywine Realty Trust Announces Closing of $150 Million Offering of 8.875% Guaranteed Notes Due 2029 With a Re-Offer Yield of 7.039%
Globenewswireยท 2025-06-27 16:13
Core Viewpoint - Brandywine Realty Trust has successfully closed a public offering of $150 million in 8.875% guaranteed notes due 2029, with a re-offer yield of 7.039% [1] Group 1: Offering Details - The offering was part of the same series as the previously issued $400 million of 8.875% guaranteed notes due 2029, originally issued on April 12, 2024 [1] - The net proceeds from the offering will be used to repay outstanding borrowings under a $600 million unsecured revolving credit facility, fund a partial repayment of secured debt, and for general corporate purposes [2] Group 2: Company Overview - Brandywine Realty Trust is one of the largest publicly traded full-service integrated real estate companies in the U.S., focusing on the Philadelphia and Austin markets [4] - As of March 31, 2025, the company owns, develops, leases, and manages a portfolio comprising 125 properties and 19.4 million square feet [4]