Brandywine Realty Trust prices $150M of 8.875% notes due 2029 with re-offer yield of 7.039%

BRANDYWINE OPERATING PARTNERSHIP, L.P.

$150M aggregate principal of 8.875% Guaranteed Notes due 2029; re-offer yield 7.039%, price 106% of par.
Net proceeds expected ~$148M after discounts and expenses; closing June 27, 2025.
Proceeds to repay borrowings under $600M unsecured revolver, partially repay secured debt, and for general corporate purposes.
This offering is an additional issuance of the same series; total outstanding will be $550M after closing.

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