PHILADELPHIA, PA — Brandywine Realty Trust (NYSE: BDN) announced that its operating partnership, Brandywine Operating Partnership, L.P., recently closed a $300 million underwritten public offering of 6.125% guaranteed notes due 2031.
The company said it plans to use the net proceeds to repay consolidated secured debt and for general corporate purposes, which may include the retirement or repurchase of other outstanding obligations.
The notes were issued under an effective shelf registration statement previously filed with the Securities and Exchange Commission. Brandywine emphasized that the announcement does not constitute an offer or solicitation to sell securities in jurisdictions where such actions would be unlawful.
Brandywine, one of the largest publicly traded real estate investment trusts in the U.S., continues to manage its debt structure as part of broader efforts to strengthen its financial position.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.