secwatch.observer — SEC 8-K summary
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Issuer:     BRANDYWINE OPERATING PARTNERSHIP, L.P. (—)
CIK:        0001060386
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001193125-24-094769
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brandywine OP issues $400M 8.875% notes due 2029; refi $335M 4.10% notes due Oct 2024
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- Issued $400M of 8.875% guaranteed notes due 2029; net proceeds ~$391.8M after underwriting discount and expenses.
- Proceeds to repurchase/redeem $335.1M of 4.10% notes maturing Oct 1, 2024, plus general corporate purposes.
- Notes are unsecured, rank equally with existing unsecured debt; fully guaranteed by Brandywine Realty Trust (BDN).
- Interest payable semi-annually on Apr 12 and Oct 12, beginning Oct 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060386/000119312524094769/0001193125-24-094769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790816/000119312524094769/d819413d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-094769

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