Brandywine pricing $250 million 10-year guaranteed notes Wednesday

By Andrea Heisinger

New York, Dec. 12 - Brandywine Operating Partnership, LP is pricing $250 million of 10-year notes (Baa3/BBB-/) on Wednesday, according to a 424B5 filing with the Securities and Exchange Commission.

Bookrunners are Bank of America Merrill Lynch, J.P. Morgan Securities LLC and RBS Securities Inc.

Proceeds will be used for general corporate purposes and the repayment, repurchase or other retirement of existing debt, including outstanding funded unsecured bank term loans, mortgage loans and other unsecured debt.

The notes are guaranteed by Brandywine Realty Trust.

Brandywine was last in the straight bond market with a $325 million sale of 4.95% notes due 2018 on March 30, 2011.

The real estate investment trust for office and industrial properties is based in Radnor, Pa.

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