secwatch.observer — SEC 8-K summary
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Issuer:     BRANDYWINE OPERATING PARTNERSHIP, L.P. (—)
CIK:        0001060386
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001193125-24-087957
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060386/000119312524087957/0001193125-24-087957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790816/000119312524087957/d772854d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-087957

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer