Brandywine Realty Trust BDN
announced today that its operating partnership, Brandywine Operating
Partnership, LP (the "Operating Partnership"), intends to commence a cash
tender offer (the "Tender Offer") on or before December 14, 2012 for any and
all of the $216,819,000 outstanding principal amount of its 7.50% Guaranteed
Notes due May 15, 2015 (the "2015 Notes") and any and all of the $250,000,000
outstanding principal amount of its 6.00% Guaranteed Notes due April 1, 2016
(the "2016 Notes") issued by the Operating Partnership (collectively, the 2015
Notes and the 2016 Notes, the "Notes"). The consideration payable is expected
to be $1,135.49 per $1,000 principal amount of 2015 Notes and $1,130.00 per
$1,000 principal amount of 2016 Notes, each plus accrued and unpaid interest
to, but not including, the payment date for the Notes purchased in the Tender
Offer. The terms and conditions of the Tender Offer will be set forth in the
Offer to Purchase (the "Offer to Purchase") and the related Letter of
Transmittal (the "Letter of Transmittal") to be prepared in connection with
the Tender Offer.
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