Brandywine Realty Trust, Radnor, Pa., has announced the pricing of an offering of $300 million aggregate principal amount of exchangeable guaranteed notes by its subsidiary, Brandywine Operating Partnership LP.The notes, due 2026, bear a coupon of 3.875%. Brandywine said it plans to use the net proceeds of the sale to repurchase up to $60 million of its common shares, to repay debt, and to provide working capital. The initial purchasers have been granted an option to buy up to $45 million of additional notes to cover any overallotments. Brandywine, a real estate investment trust, can be found online at http://www.brandywinerealty.com.
Processing Content
