Brandywine Realty announces tender offer for guaranteed notes

Brandywine Realty Trust announced that its operating partnership, Brandywine Operating Partnership, has commenced a cash 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 “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 by reference to the fixed spread for the Notes specified above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT3 series of pages, at 10:00 a.m., New York City time, on April 19, 2024. Holders will also receive in cash an amount equal to Accrued Interest in addition to the Purchase Price. The Tender Offer consists of an offer on the terms and conditions set forth in the offer to purchase, dated April 15, 2024, and the related letter of transmittal and notice of guaranteed delivery, to purchase for cash any and all of the Notes. The Tender Offer will expire at 5:00 p.m., New York City time, on April 19, 2024, unless extended or earlier terminated. Holders of Notes must validly tender and not validly withdraw their Notes prior to or at the Expiration Date to be eligible to receive the Purchase Price.