Simpson Thacher Represents Underwriters in $250 Million Debt Offering by Brandywine Operating Partnership, L.P. and Brandywine Realty Trust
12.18.12
This is only gets display when printing
The Firm represented underwriters, led by J.P. Morgan, Bank of America Merrill Lynch and RBS, in a $250 million public offering of 3.95% Guaranteed Notes due 2023 of Brandywine Operating Partnership, L.P. The Notes are guaranteed by Brandywine Realty Trust, the parent company of Brandywine Operating Partnership, L.P.
The net proceeds of the offering are being used to fund tender offers for the outstanding 7.5% Guaranteed Notes due 2015 and 6.0% Guaranteed Notes due 2016 of Brandywine Operating Partnership, L.P., with any remaining net proceeds to be used for general corporate purposes.
Brandywine Realty Trust is a real estate investment trust that has a portfolio of office and industrial properties in and surrounding Philadelphia, Pennsylvania, Metropolitan Washington, D.C., Southern and Central New Jersey, Richmond, Virginia, Wilmington, Delaware, Austin, Texas, and Oakland, Concord, Carlsbad and Rancho Bernardo, California.
The Simpson Thacher team for the transaction included Glenn M. Reiter, Rhett Brandon, Karen Wang and Ben Baucom (Capital Markets), Daniel Foster (Tax), and Jennie Getsin (Blue Sky).