Brandywine plans to redeem 4.1% notes due 2024 via new notes

By Marisa Wong

Los Angeles, April 3 – Brandywine Operating Partnership, LP plans to repurchase or redeem the $340 million in outstanding principal amount of its 4.1% guaranteed notes due Oct. 1, 2024 using proceeds from an offering of new notes guaranteed by general partner Brandywine Realty Trust, according to a 424B5 filing with the Securities and Exchange Commission.

The company also plans to use proceeds from the new notes for general corporate purposes, which may include the repayment, repurchase or retirement of other debt.

Brandywine is a self-administered and self-managed real estate investment trust based in Philadelphia.

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