Brandywine Operating Partnership Closes Senior Notes Offering
07.08.25
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The Firm recently represented the underwriters in connection with a $150 million offering of 8.875% Guaranteed Notes due 2029 by Brandywine Operating Partnership, L.P. (“Brandywine”), which are part of the same series as the $400 million aggregate principal amount of notes that Brandywine issued in April 2024. The notes are guaranteed by Brandywine Realty Trust, the parent company of Brandywine. The net proceeds from the offering will be used to repay outstanding indebtedness and for general corporate purposes.
Brandywine is one of the largest publicly-traded real estate companies in the United States, with a portfolio comprising 64 properties and 12.1 million net rentable square feet as of March 31, 2025.
The Simpson Thacher team included Mark Brod, Joseph Hahn and Manuel Alvarez (Capital Markets); Michael E. Mann (Tax); Michael Isby (Environmental); Dennis Loiacono (Real Estate); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).