Brandywine Realty Trust to Redeem All Outstanding 3.95% Guaranteed Notes Due 2023

Brandywine Realty Trust

PHILADELPHIA, PA — Brandywine Realty Trust (NYSE: BDN) announced recently that its operating partnership, Brandywine Operating Partnership, LP, intends to redeem all of the outstanding 3.95% Guaranteed Notes due February 15, 2023, issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes.

The expected redemption date will be January 20, 2023.

The Notes will be redeemed at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest on the principal amount being redeemed to the Redemption Date.

From and after the Redemption Date and the payment of the redemption price, interest will cease to accrue, and on and after the Redemption Date the only remaining rights of holders of Notes will be to receive payment of the redemption price and accrued and unpaid interest on the principal amount being redeemed to the Redemption Date.

The Company stated that the notice of redemption and other materials relating to the redemption of the Notes will be mailed on or about December 21, 2022. As will be specified in the notice of redemption, payment of the redemption price will be made only upon presentation and surrender of the Notes to The Bank of New York Mellon by hand or by mail at the address set forth in such notice. Notes that are held through The Depository Trust Company (“DTC”) will be redeemed in accordance with the applicable procedures of DTC.

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