Brandywine Realty Trust's operating partnership, Brandywine Operating Partnership, L.P., announced the closing of its underwritten public offering of $300 million of 6.125% guaranteed notes due 2031. The notes were offered to investors at 100% of their principal amount, with interest payable semi-annually commencing January 15, 2026. This successful offering provides significant capital for the company's financial objectives.
The net proceeds from this offering, approximately $296.3 million after deducting underwriting discounts and estimated transaction expenses, are intended for strategic debt management. The Operating Partnership plans to use these funds primarily to repay its consolidated secured debt. Any remaining proceeds will be allocated for general corporate purposes, which may include the repayment, repurchase, or other retirement of additional indebtedness.
This debt issuance strengthens Brandywine's balance sheet by addressing existing secured debt and enhancing overall financial flexibility. The ability to secure $300 million in long-term financing at a 6.125% interest rate demonstrates continued access to capital markets for the company.
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