Simpson Thacher Represents Underwriters in Senior Notes Offering by Brandywine Operating Partnership and Brandywine Realty Trust
10.10.19
This is only gets display when printing
The Firm recently represented Citigroup Global Markets Inc., BofA Securities, Inc. and the other underwriters in connection with a $200 million offering of senior notes by Brandywine Operating Partnership, L.P. (“Brandywine”). The securities are guaranteed by Brandywine Realty Trust, the parent company of Brandywine. Brandywine offered and sold $100 million in aggregate principal amount of its 4.1% Guaranteed Notes due 2024 and $100 million in aggregate principal amount of its 4.55% Guaranteed Notes due 2029. The net proceeds from the offering were used to reduce outstanding borrowings under its unsecured revolving credit facility and for general corporate purposes.
Brandywine is one of the largest publicly traded real estate companies in the United States, with a portfolio comprising 180 properties and 24.9 million square feet as of June 30, 2019.
The Simpson Thacher team included Mark Brod and Seth Lowinger (Capital Markets); Jonathan Cantor and Abigail Hopper (Tax); Michael Isby (Environmental); Tim Gallagher (Real Estate); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).