PHILADELPHIA, June 27, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has closed its previously announced underwritten public offering of $150 million of its 8.875% guaranteed notes due 2029 with a re-offer yield of 7.039% (the “Notes”). The Notes are part of the same series as the Operating Partnership’s outstanding 8.875% guaranteed notes due 2029, $400 millio ...

Core Viewpoint - Brandywine Realty Trust announced a public offering of $150 million in 8.875% guaranteed notes due 2029, with interest payments starting on October 12, 2025 [1][2]. Offering Details - The notes are priced at 106.000% of their principal amount, yielding 7.039% upon re-offer [2]. - The offering is expected to close on June 27, 2025, subject to customary closing conditions [2]. Use of Proceeds - The net proceeds from the offering are anticipated to be approximately $148 million, which 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 [3]. Company Overview - Brandywine Realty Trust is a major publicly traded real estate investment trust (REIT) focused on the Philadelphia and Austin markets, managing a portfolio of 125 properties totaling 19.4 million square feet as of March 31, 2025 [7].