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Brandywine Realty Trust Announces Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024
PHILADELPHIA, April 15, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the "Company") (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the "Operating Partnership"), has commenced a cash tender offer (the "Tender Offer") for any and all of the $335,100,000 outstanding principal amount of its 4.10% Guaranteed Notes due October 1, 2024 (the "Notes").
Certain information regarding the Notes and the pricing for the Tender Offer is set forth in the table below.
Title of Security
CUSIP Number
Principal AmountOutstanding
U.S. TreasuryReference Security
BloombergReference Page
Fixed Spread
4.10%Guaranteed NotesdueOctober 1, 2024
105340 AN3
$335,100,000
4.250%U.S. TreasurydueSeptember 30, 2024
FIT3
0 bps
The "Purchase Price" offered per $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the Tender Offer will be determined by the Dealer Managers referred to below in the manner described in the Offer to Purchase (as defined below) by reference to the fixed spread for the Notes specified above plus the yield based on the bid-side price of the ...