Brandywine realty trust announces expiration of tender offer for any and all of its outstanding 3.95% guaranteed notes due 2023 with approximately $296 million having been tendered

Philadelphia, dec. 20, 2022 (globe newswire) -- brandywine realty trust (the “company”) (nyse:bdn) announced today the expiration of the previously announced cash tender offer (the “tender offer”) by its operating partnership, brandywine operating partnership, lp (the “operating partnership”), for any and all of its outstanding 3.95% guaranteed notes due february 15, 2023 (the “notes”). the tender offer expired at 5:00 p.m., new york city time, on tuesday, december 20, 2022 (the “expiration date”). as of the expiration of the tender offer, $295,699,000 or 84.49% of the $350,000,000 aggregate principal amount of the notes had been validly tendered and not withdrawn in the tender offer (excluding $634,000 in aggregate principal amount of the notes submitted pursuant to the guaranteed delivery procedures described in the operating partnership's offer to purchase, dated december 14, 2022 (the “offer to purchase”) and the related notice of guaranteed delivery). the operating partnership accepted for purchase all of the notes validly tendered and delivered (and not validly withdrawn) in the tender offer at or prior to the expiration date. payment for the notes purchased pursuant to the tender offer is intended to be made on december 21, 2022 (the “payment date”).
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