Brandywine Realty Trust - Tender Offer 2024 (US) - Pricing

Brandywine Realty Trust Announces Pricing Terms of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 - 105340AN3

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19 APRIL 2024

Full announcement including disclaimers and offer/distribution restrictions available via Globenewswire

"PHILADELPHIA, April 19, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has announced the pricing terms of the previously announced cash tender offer (the “Tender Offer”) for any and all of the $335,100,000 outstanding aggregate principal amount of its 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”). The Tender Offer consists of an offer on the terms and conditions set forth in the offer to purchase, dated April 15, 2024 (the “Offer to Purchase”), and the related letter of transmittal and notice of guaranteed delivery (as they may each be amended or supplemented from time to time, the “Tender Offer Documents”), to purchase for cash any and all of the Notes.

The consideration (the “Purchase Price”) for each $1,000 principal amount of the Notes validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer was determined in the manner described in the Offer to Purchase by reference to the fixed spread for the Notes specified below plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified below as of 10:00 a.m., New York City time today, the date on which the Tender Offer is currently scheduled to expire.

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Brandywine Realty Trust Announces Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 - 105340AN3

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15 APRIL 2024

Full announcement including disclaimers and offer/distribution restrictions available via Globenewswire

PHILADELPHIA, April 15, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has commenced a cash tender offer (the “Tender Offer”) for any and all of the $335,100,000 outstanding principal amount of its 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”).

Certain information regarding the Notes and the pricing for the Tender Offer is set forth in the table below.

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