---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-087957"
form_type: "8-K"
ticker: null
cik: "0001060386"
company_name: "BRANDYWINE OPERATING PARTNERSHIP, L.P."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:39:24.433726+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BDN Operating Partnership prices $400M 8.875% notes due 2029; proceeds to refinance $340M 4.10% notes

## Summary
- $400M aggregate principal of 8.875% guaranteed notes due 2029 priced at 99.505% (9.000% yield).
- Net proceeds ~$391.8M after underwriting discounts and expenses.
- Proceeds to repurchase/ redeem $340M of 4.10% guaranteed notes due Oct 1, 2024, plus general corporate.
- Offer expected to close April 12, 2024; joint book-runners: BofA, Citigroup, BNY Mellon, PNC, Truist, U.S. Bancorp, Wells Fargo.

## SEC filing metadata
- accession: 0001193125-24-087957
- form_type: 8-K
- cik: 0001060386
- company_name: BRANDYWINE OPERATING PARTNERSHIP, L.P.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1060386/000119312524087957/0001193125-24-087957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790816/000119312524087957/d772854d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-087957
- JSON: https://secwatch.observer/filing/0001193125-24-087957.json
- Plain text: https://secwatch.observer/filing/0001193125-24-087957.txt

## Key facts
- Material Agreements
  BRANDYWINE OPERATING PARTNERSHIP, L.P. entered into Underwriting Agreement with BofA Securities, Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters valued at $400 million (effective 2024-04-03).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters
  - Value: $400 million
  - Effective: 2024-04-03
  source text: On April 3, 2024, Brandywine Realty Trust, a Maryland real estate investment trust (the “Company”), and its operating partnership, Brandywine Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), entered into an Underwriting Agreement (together with the Pricing Agreement (as defined below), the “Underwriting Agreement”) and a related Pricing Agreement (the “Pricing Agreement”) with BofA Securities, Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named in the Pricing Agreement (the “Underwriters”), in connection with the public offering by the Operating Partnership of $400 million in aggregate principal amount of its 8.875% Guaranteed Notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1060386/000119312524087957/0001193125-24-087957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.