03:47 AM EDT, 06/18/2025 (MT Newswires) -- Brandywine Realty Trust ( BDN ) said Tuesday its operating partnership has priced an underwritten public offering of $150 million of its 8.875% guaranteed notes due 2029 at 106% of principal plus accrued interest from April 12, with a re-offer yield of 7.039%.

The notes will become part of the same series as $400 worth of notes issued in April, the company said.

The sale is expected to close on June 27, the company said.

The company said it plans to use net proceeds of about $148 million to pay down debt and for general corporate purposes.