The Firm recently represented underwriters, led by Merrill Lynch & Co., J.P. Morgan and Citi, in a $250 million public offering of common shares of beneficial interest by Brandywine Realty Trust.
Brandywine Realty Trust offered and sold 40,250,000 common shares, which represented approximately 45% of its common shares outstanding prior to the offering. The net proceeds of the offering are being used to reduce borrowings and for general corporate purposes. The common shares are listed on the New York Stock Exchange under the symbol “BDN”.
Brandywine Realty Trust is a real estate investment trust that has a portfolio of office and industrial properties in the mid-Atlantic region, Texas and California.
The Simpson Thacher team for the transaction included, among others, Glenn M. Reiter, Dov Gottlieb and Aby Castro (Capital Markets), Krista McManus, Julia Rubin, Julia Noone and Daniel Molina (Real Estate), Michael Isby (Environmental), Daniel Foster (Tax), and Andrew Pagliughi (Blue Sky).