Fitch: Brandywine notes BB+

Fitch Ratings said it assigned a BB+ rating to the $325 million of 4.95% senior unsecured guaranteed notes due April 15, 2018 that will be issued by Brandywine Operating Partnership LP, the operating partnership of Brandywine Realty Trust.

The notes are being offered to investors at a price of 98.907% with a yield to maturity of 5.137%.

The proceeds will be used to repay existing indebtedness under the company's unsecured revolving credit facility and for general corporate purposes, Fitch said.

Brandywine's issuer default rating is BB+.

The outlook is stable.

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