12:30 PM EDT, 06/27/2025 (MT Newswires) -- Brandywine Realty Trust ( BDN ) said Friday that Brandywine Operating Partnership closed its $150 million underwritten public offering of 8.875% guaranteed notes due 2029 with a re-offer yield of 7.039%.

The operating partnership intends to use the net proceeds to repay outstanding borrowings under its $600 million unsecured revolving credit facility, fund a partial repayment of its secured debt, and for general corporate purposes, which may include the repayment, repurchase or other retirement of other indebtedness, the company said.

Shares of Brandywine Realty ( BDN ) were up 2.5% in recent trading.

Price: 4.33, Change: +0.11, Percent Change: +2.49