02:55 PM EDT, 04/12/2024 (MT Newswires) -- Brandywine Realty Trust ( BDN ) said Friday it closed a $400 million debt offering of 8.875% guaranteed notes due 2029.

The company plans to use the proceeds to repurchase or redeem $335.1 million of its 4.1% guaranteed notes due Oct. 1.

Brandywine Realty Trust ( BDN ) shares fell 3.6% in recent Friday trading.

Price: 4.33, Change: -0.16, Percent Change: -3.56