Real Estate Investment Trusts (REITs)
Company Overview of Brandywine Operating Partnership LP
Brandywine Operating Partnership LP, a real estate investment trust, provides leasing, property management, development, redevelopment, acquisition, and other tenant-related services for a portfolio of office and industrial properties in the United States. As of December 31, 2008, it owned 214 office properties, 22 industrial facilities, and 1 mixed-use property. The company’s properties are located in Philadelphia, Pennsylvania; Metropolitan Washington, D.C.; southern and central New Jersey; Richmond, Virginia; Wilmington, Delaware; Austin, Texas; and Oakland, Carlsbad, and Rancho Bernardo, California. Brandywine Realty Trust serves as the general partner of Brandywine Operating Partnership...
555 East Lancaster Avenue
Radnor, PA 19087
Founded in 1996
Key Executives for Brandywine Operating Partnership LP
Chief Executive Officer of Brandywine Realty Trust
Chief Financial Officer of Brandywine Realty Trust and Executive Vice President of Brandywine Realty Trust
Executive Vice President and Senior Managing Director of New Jersey & Delaware Region
Chief Accounting Officer of Brandywine Realty Trust and Vice President of Corporate Accounting of Brandywine Realty Trust
Executive Vice President of Brandywine Realty Trust
Compensation as of Fiscal Year 2013.
Brandywine Operating Partnership LP Key Developments
Brandywine Operating Partnership LP Announces Results of Tender Offer for Any and All of its 7.50% Guaranteed Notes Due 2015 and 6.00% Guaranteed Notes Due 2016
Dec 27 12
Brandywine Realty Trust announced that Brandywine Operating Partnership LP has accepted for purchase $50,284,000 or 23.2% of the $216,819,000 outstanding 7.50% Guaranteed Notes due May 15, 2015 and $99,571,000 or 39.8% of the $250,000,000 outstanding of its 6.00% Guaranteed Notes due April 1, 2016, which were validly tendered pursuant to its previously announced any and all cash tender offer for the Notes. The Tender Offer expired at 8:00 a.m., New York City time, on December 27, 2012 and payment for Notes purchased pursuant to the Tender Offer was made that same day. The consideration paid under the Tender Offer was $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. The total Tender Offer consideration of $171,479,378.44 including accrued and unpaid interest was funded from available cash on hand and from a portion of the net proceeds from its recently completed issuance of 3.95% ten-year guaranteed notes.
Brandywine Operating Partnership LP Completes Offering Of $250,000,000 in Aggregate Principal Amount of 3.95% Guaranteed Notes Due 2023
Dec 19 12
On December 18, 2012, Brandywine Operating Partnership LP completed its offering and sale of $250,000,000 in aggregate principal amount of its 3.95% guaranteed notes due 2023. The material terms of the notes are described in a prospectus dated June 3, 2011, as supplemented by a final prospectus supplement dated December 12, 2012. The notes were issued under the indenture, dated as of October 22, 2004, as supplemented by the first supplemental indenture dated as of May 25, 2005 and the Third Supplemental Indenture dated as of April 5, 2011, among the company, the operating partnership and The Bank of New York, as trustee. The notes will bear interest at a rate of 3.95% per annum, with interest payable in cash semi-annually in arrears on each of February 15 and August 15, commencing on August 15, 2013. The notes will mature on February 15, 2023. The notes will be unsecured obligations of the operating partnership and will rank equally with all of its other unsecured unsubordinated indebtedness from time to time outstanding. The notes will be effectively subordinated to the indebtedness and other liabilities of the consolidated subsidiaries of the operating partnership.
Brandywine Operating Partnership LP Announces Intent to Tender for Any and All of its Outstanding 7.50% Guaranteed Notes due 2015 and 6.00% Guaranteed Notes Due 2016
Dec 12 12
Brandywine Realty Trust announced that its operating partnership, Brandywine Operating Partnership, LP, intended to commence a cash 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 and any and all of the $250,000,000 outstanding principal amount of its 6.00% guaranteed notes due April 1, 2016 issued by the operating partnership. 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 and the related letter of transmittal to be prepared in connection with the tender offer. The orating partnership intends to fund the tender offer with the proceeds of an offering of ten-year guaranteed notes expected to be priced, cash on hand and, if necessary, borrowings under $600 million unsecured revolving credit facility. If issued, such notes will be guaranteed by Brandywine Realty Trust, the sole general partner of the operating partnership.
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