Brandywine Closes on $600M LOC

Brandywine Realty Trust, Plymouth Meeting, Pa., has closed on a $600 million unsecured revolving line of credit with a group of 19 lenders.The real estate investment trust said the facility has a four-year term, with a one-year extension option. The line of credit is priced at 80 basis points above the London interbank offered rate, based on the company's current credit rating. The syndicate was led by J.P. Morgan Securities Inc. and Banc of America Securities LLC. The REIT can be found online at http://www.brandywinerealty.com.

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