04:23 AM EDT, 06/18/2025 (MT Newswires) -- (Corrects the offering amounts in the headline and second paragraph.)

Brandywine Realty Trust ( BDN ) said late Tuesday its operating partnership 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 the $400 million worth of notes issued in April 2024, the company said.

The sale is expected to close June 27.

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