Brandywine Realty Trust has closed its previously announced underwritten public offering of $300 million of its 6.125% guaranteed notes due 2031. The company's operating partnership, Brandywine Operating Partnership, L.P., intends to use the net proceeds of the offering to repay its consolidated secured debt and for general corporate purposes, which may include the repayment, repurchase, or other retirement of other indebtedness.
As of June 30, 2025, Brandywine Realty Trust owns, develops, leases, and manages an urban, town center, and transit-oriented portfolio comprising 122 properties and 19.0 million square feet. The company is one of the largest publicly traded, full-service, integrated real estate companies in the United States with a core focus in Philadelphia, PA, and Austin, TX.
Further financial metrics and changes from the previous period were not explicitly mentioned in the press release. The market has reacted to these announcements by moving the company's shares -0.97% to a price of $4.10. For the full picture, make sure to review BRANDYWINE REALTY TRUST's 8-K report.