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Brandywine Realty Trust Raises $325M

The operating partnership of Brandywine Realty Trust has raised $325 million in a sale of senior unsecured notes.

The operating partnership of Brandywine Realty Trust has raised $325 million in a sale of senior unsecured notes. The company intends to use the net proceeds to repay existing indebtedness under the unsecured revolving credit facility and for general corporate purposes.

The publicly traded REIT appointed Citigroup, JP Morgan and Wells Fargo as the joint bookrunning managers for the deal. The notes carry a coupon rate of 4.95% and are due to mature on April 15, 2018.

Click here for the release from PR Newswire.

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