Brandywine Reports Note Offering

Brandywine Realty Trust, Plymouth Meeting, Pa., has announced an agreement by its operating partnership, Brandywine Operating Partnership LP, to sell $850 million of unsecured notes.The real estate investment trust said the offering will consist of $300 million of floating-rate notes due April 1, 2009, $300 million of 5.75% notes due April 1, 2012, and $250 million of 6.0% notes due April 1, 2016. The proceeds are expected to be used to repay in full the borrowings under the company's $750 million term loan agreement and a portion of borrowings under its revolving credit facility. The joint book-running managers of the offering are J.P. Morgan, Wachovia Securities, and Merrill Lynch & Co. The REIT can be found online at http://www.brandywinerealty.com.