secwatch.observer — SEC 8-K summary
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Issuer:     BRANDYWINE OPERATING PARTNERSHIP, L.P. (—)
CIK:        0001060386
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001193125-24-107178
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brandywine Realty Trust to redeem remaining $113.4M of 4.10% notes due 2024; tender offer completed
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- Tender offer for $335.1M 4.10% notes due Oct 2024 expired; $221.6M (66.13%) accepted at $994.48 per $1,000 principal.
- Remaining ~$113.4M notes to be redeemed on June 7, 2024 at greater of 100% principal or Treasury rate + 25 bps plus accrued interest.
- Redemption funded by net proceeds from $400M 8.875% Guaranteed Notes due 2029 offering.
- BofA Securities and Citigroup acted as dealer managers; notes held through DTC redeemed per DTC procedures.
- Interest ceases on redemption date; holders must surrender notes to BNY Mellon for payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060386/000119312524107178/0001193125-24-107178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790816/000119312524107178/d826708d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-107178

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