The Firm is representing BNY Mellon Capital Markets, Citi and Deutsche Bank Securities, as sales agents, in an equity distribution program for Brandywine Realty Trust.
Under the program, Brandywine Realty Trust is offering up to 15,000,000 common shares of beneficial interest, or approximately $175 million of common shares at the current market price on the New York Stock Exchange. The net proceeds of the program are being used for working capital, capital expenditures and other general corporate purposes.
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), Daniel Molina (Real Estate), and Andrew Pagliughi and Jennie Getsin (Blue Sky). Paralegal Mollie Braverman also provided assistance.