BRANDYWINE OPERATING PARTNERSHIP, L.P.: debt financing — Brandywine Realty Trust closes $150M offering of 8.875% Notes due 2029

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Issued $150M principal of 8.875% Guaranteed Notes due 2029; re-offer yield 7.039%.
Total outstanding of this series now $550M; net proceeds ~$157M after underwriting costs.
Proceeds to repay borrowings under $600M unsecured credit facility and partial secured debt.
Notes rank equally with existing unsecured unsubordinated debt; guaranteed by Brandywine Realty Trust.
Sale closed June 27, 2025; same CUSIP and trade interchangeably with initial $400M notes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BRANDYWINE OPERATING PARTNERSHIP, L.P. incurred senior notes of $150 million in aggregate principal amount at 8.875% maturing 2029.

Instrument: senior notes
Principal: $150 million in aggregate principal amount
Rate: 8.875%
Maturity: 2029
Event: incurrence

Exact text from the filing

On June 27, 2025, Brandywine Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), completed its offering and sale (the “Notes Offering”) of $150 million in aggregate principal amount of its 8.875% Guaranteed Notes due 2029 (the “Notes”), with a re-offer yield of 7.039%.

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Source: SEC EDGAR

accession 0001193125-25-151261

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