Brandywine Realty Trust has announced the pricing of a $150 million public offering of 8.875% guaranteed notes due in 2029. The notes, issued by its operating partnership, Brandywine Operating Partnership, L.P., are being offered at a re-offer yield of 7.039%. Interest on these notes will be paid semi-annually starting October 12, 2025. This offering is conducted under an effective shelf registration statement filed with the SEC, and it adds to the previous $400 million notes issued in April 2024. The sale is anticipated to close on June 27, 2025, pending standard closing conditions. Prospectus details can be obtained from BofA Securities and Wells Fargo Securities.
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