Brandywine Realty Trust accepts USD 70 million of 8.875% notes due 2029 in tender offer

Reuters2026/08/26 11:31

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Brandywine Realty Trust’s operating partnership accepted USD 70 million of 8.875% guaranteed notes due 2029 in a cash tender offer.
Offer expired Aug. 25, 2026; USD 275.7 million of the USD 550 million outstanding was tendered, triggering proration of about 25.5%.
Purchase price set at USD 1,068.75 per USD 1,000 principal; settlement targeted for Aug. 27, 2026.
Retirement expected to reduce the 2029 Notes by about 12.7%; funding from cash or borrowings under a USD 600 million credit line.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brandywine Realty Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608260730PRIMZONEFULLFEED9816401) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Brandywine Realty Trust accepts USD 70 million of 8.875% notes due 2029 in tender offer

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