Brandywine Realty upsizes tender offer cap for 8.875% 2029 notes to USD 70 million
BDN•Tender offer cap increased
Brandywine Realty Trust raised its cash tender offer cap for 8.875% guaranteed notes due 2029 to USD 70 million from USD 50 million.
The offer expiration moved to 5 p.m. New York time on Aug. 25 from Aug. 21.
The price was set at USD 1,068.75 per USD 1,000 principal, excluding accrued interest, and settlement is targeted for Aug. 27.
Tendered notes may be prorated if submissions exceed the USD 70 million cap.
