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.

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